Bloomberg reports that Gemini is looking to expand into prediction markets, which would mark one of the company’s biggest moves since going public in September.
Crypto exchange Gemini Space Station Inc. is reportedly preparing to enter the prediction markets arena, following similar moves by the likes of Coinbase and MetaMask in recent months.
Gemini is looking to enter the prediction markets space “as soon as possible,” Bloomberg reported on Tuesday, citing people familiar with the matter, noting that it filed with the Commodity Futures Trading Commission to operate a derivatives exchange.
Gemini executives had reportedly discussed using the exchange license to allow the trading of event contracts, which allow traders to bet on the outcome of real-world events.
Read more