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Crypto exchange Gemini gets CFTC approval to offer event contracts
Crypto exchange operator Gemini has received approval to operate a designated contract market (DCM) by the Commodities and Futures Trading Commission (CFTC). The crypto exchange says it will use the DCM to offer trading in event contracts. Approval from the CFTC has reportedly taken the crypto firm five years, with company co-founder Tyler Winklevoss implying the regulator had been weaponised under the Biden administration to prevent the firm from getting DCM approval. tweet “Today’s approval marks the culmination of a 5-year licensing process and the beginning of a new chapter for [Gemini],” said Winklevoss ... (full story)
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