Gemini Wins CFTC DCO License for In-House Derivatives Clearing

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Gemini received a CFTC Derivatives Clearing Organization license, allowing the exchange to clear and settle regulated derivatives trades internally. The approval adds to Gemini’s earlier Designated Contract Market license and gives the company control over execution through settlement for prediction markets and derivatives. Cameron Winklevoss called the move a major milestone, and Gemini’s shares rose in premarket trading after the announcement.

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