Gemini Gets CFTC Nod for US Prediction Markets, GUSD Token and Stock Soar

In a landmark decision for the crypto industry, the U.S. Commodity Futures Trading Commission (CFTC) has approved Gemini to operate a regulated prediction market platform. This authorization allows the Winklevoss-owned crypto exchange to offer event-based futures contracts to U.S. retail and institutional investors. The news triggered a significant market reaction, with Gemini's associated stock surging nearly 14% in pre-market trading. The approval is seen as a major regulatory milestone, potentially paving the way for new, innovative financial products within the compliant digital asset space. The move could increase utility and demand for the Gemini Dollar (GUSD) stablecoin, which is expected to be integral to the platform's operations.