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Gemini Granted CFTC Approval for Prediction Market, Eyes Expansion to Crypto Derivatives

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Gemini has received CFTC approval to operate as a Designated Contract Market (DCM), enabling the launch of its Gemini Titan prediction market. The platform will initially offer binary event contracts. The exchange mentioned potential future expansion into crypto derivatives, including futures, options, and perpetuals. With this move, Gemini strengthens its position in the derivatives market. Traders are keeping an eye on altcoins to watch as the market reacts to the development.
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