Gemini Receives CFTC Approval to Operate as Derivatives Clearing Organization
Gemini has received CFTC approval to operate as a Derivatives Clearing Organization (DCO), enabling it to settle prediction market wagers and other derivatives trades in-house. This move positions Gemini to expand into more complex products like perpetual futures and enhances its ability to shape its offerings. The approval highlights the growing role of prediction market-focused companies in the derivatives market.
Topics: CFTC derivatives Gemini perpetual futures prediction market