Gemini has received approval from the CFTC to enter the prediction market, and may expand into crypto futures, options, and perpetual contracts in the future.

Cryptocurrency exchange Gemini Space Station, Inc. (ticker symbol GEMI) has received approval from the Commodity Futures Trading Commission (CFTC) on Wednesday to operate a designated contract market (DCM) in the prediction market space. In a statement, Gemini said its prediction platform, named "Gemini Titan," will initially offer classic binary event contracts, which present simple 'yes or no' questions about future events. In the future, the platform may expand to other CFTC-regulated derivatives markets, such as cryptocurrency futures, options, and perpetual contracts.