According to Odaily Planet Daily, cryptocurrency exchange Gemini is planning to enter the prediction market field, becoming another mainstream exchange to explore this area after platforms such as Coinbase.

Sources revealed that Gemini has submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) for a derivatives trading platform operating license. Company executives had previously discussed using the license, if approved, to expand their event-driven contracts and forecasting products business, thereby broadening their derivatives ecosystem and enriching their trading offerings. (The Block)