Deep潮 TechFlow News, December 11th, according to The Block, the cryptocurrency exchange Gemini has received approval from the U.S. Commodity Futures Trading Commission (CFTC) for a Designated Contract Market (DCM) license, allowing it to operate a designated contract market. The platform is named Gemini Titan and will initially offer classic binary event contracts, which are “simple yes or no questions” betting on future events. In the future, the platform may expand to other derivative markets regulated by the CFTC, including cryptocurrency futures, options, and perpetual contracts.
Gemini applied for the DCM license as early as March 10, 2020, years before the prediction market boom. Currently, the two major prediction market platforms, Kalshi and Polymarket, experienced significant growth during the U.S. presidential election and continued to accelerate after Trump’s inauguration.
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