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CFTC grants Gemini Titan a designated contract market licence in the US

Licences & markets

Gemini said its Gemini Titan unit received a designated contract market licence from the CFTC, enabling it to offer event contracts in the US. The company said it plans to offer yes-or-no contracts but did not give a launch date, saying only that it would come soon.

The approval allows Gemini Titan to offer event contracts in the US, although no launch date was given.

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Licences & markets

NFA grants FanDuel FCM licence for US prediction market business

Reportedly, FanDuel secured National Futures Association membership and a futures commission merchant licence in the US. The approval could increase FanDuel’s control over its prediction market business. It does not authorise FanDuel to run its own designated exchange.

FanDuel now holds membership in the National Futures Association, together with an FCM licence. That status may let the operator exercise greater control over its US prediction market operations. It falls short, however, of permitting FanDuel to run a designated exchange of its own.

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