Gemini secures CFTC license for prediction markets

The U.S. Commodity Futures Trading Commission (CFTC) has approved a Designated Contract Market (DCM) license for cryptocurrency exchange Gemini, The Block reported. The approval allows Gemini to formally operate its own prediction market and expand into crypto futures, options, and perpetuals. Gemini first applied for the license in 2020, receiving the approval after nearly five years.