Gemini launches prediction market service 'Gemini Predictions' across the U.S.

Source
Uk Jin

Summary

  • Gemini said it will offer prediction market services in all 50 U.S. states.
  • It said the launch is part of its all-in-one super app strategy, which combines various services such as crypto assets, staking, and tokenized stocks.
  • Gemini said it obtained a contract market license from the U.S. Commodity Futures Trading Commission (CFTC).
Photo=Gemini logo
Photo=Gemini logo

Cryptocurrency exchange Gemini is launching a prediction market service across the United States.

On the 16th (Korean time), according to cryptocurrency-focused outlet Cointelegraph, Gemini said it will offer its prediction market platform 'Gemini Predictions' in all 50 U.S. states.

Gemini's launch of the prediction market is part of its strategy to build an "all-in-one super app." An all-in-one super app refers to an application that allows users to access various services in one place on Gemini, such as crypto trading, asset staking, earning rewards, purchasing tokenized stocks, and participating in prediction markets.

Earlier, Gemini had received approval from the U.S. Commodity Futures Trading Commission (CFTC) for a designated contract market license for the service.

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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