Gemini Wins CFTC DCO Approval to Clear Prediction Markets and Derivatives In-House

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Gemini received CFTC approval for a Derivatives Clearing Organization license, joining only 22 approved companies in the United States. The license lets Gemini clear prediction market wagers and other derivatives trades in-house instead of using an authorized third party. Cameron Winklevoss said the approval gives Gemini a full-stack marketplace for predictions, futures, options, and more. Gemini has been increasing its focus on prediction markets amid layoffs, lawsuits, and a regulatory dispute over state gambling law.

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