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Gemini Eyes Entry Into Prediction Markets With Planned Derivatives Exchange
Gemini Space Station (NASDAQ: GEMI), the crypto exchange run by billionaire twins Tyler and Cameron Winklevoss, wants to jump into prediction markets, joining a growing crowd of financial firms trying to cash in on the booming business of betting on elections, sports and other real-world events. The company has filed with the Commodity Futures Trading Commission (CFTC) to operate its own derivatives exchange and according to Bloomberg it wants to launch products quickly. Gemini officials have talked internally about using the exchange to offer prediction contracts, though the CFTC application remains under review ... (full story)
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