TechFlow, on December 11, according to The Block, cryptocurrency exchange Gemini has received approval from the U.S. Commodity Futures Trading Commission (CFTC) for a Designated Contract Market (DCM) license, allowing it to operate a designated contract market. The platform, named Gemini Titan, will initially offer classic binary event contracts—wagers on simple yes-or-no questions about future events. In the future, the platform may expand into other derivatives markets regulated by the CFTC, including cryptocurrency futures, options, and perpetual contracts.
Gemini first applied for the DCM license on March 10, 2020, several years ahead of the prediction market boom. Currently, the two major prediction market platforms, Kalshi and Polymarket, have seen significant growth during the U.S. election period and have continued accelerating after Trump's inauguration.
