Gemini secures CFTC prediction market license, five-year application finally granted

【Blockchain Rhythm】On December 11th, news broke that the cryptocurrency platform Gemini Space Station (stock code Gemi) has obtained a pass to enter the prediction market.

This Wednesday, the US Commodity Futures Trading Commission (CFTC) officially approved Gemini to operate a “Designated Contract Market” (DCM). Their new platform is called Gemini Titan, and the first step will be launching classic binary event contracts—essentially betting “yes” or “no” on future events.

But the story goes much further. Gemini revealed that this platform might eventually expand into more derivative markets under CFTC jurisdiction, including crypto futures, options, and even perpetual contracts.

Interestingly, Gemini actually applied for a DCM license as early as March 10, 2020. However, at that time, their application did not explicitly mention building a prediction market. It’s worth noting that a DCM license is a standard regulatory approval for mainstream trading platforms registered with the CFTC. It seems Gemini made this move early and with confidence.