Gemini plans prediction contracts pending CFTC exchange approval
Gemini plans to offer prediction contracts through a derivatives exchange application under review by the CFTC, reportedly. The company had said in securities filings that it intended to cover politics, sports, economic data and financial markets; the report said the application remained undecided months after filing.
The proposed contracts depend on CFTC approval and could bring Gemini into competition with established event-contract platforms.