[Crypto Trading Platform Gemini Approved to Enter Prediction Market Sector] BlockBeats News, December 11, the crypto trading platform Gemini Space Station, Inc. (Ticker: GEMI) has been approved to enter the prediction market sector. According to reports, Gemini received approval this Wednesday from the U.S. Commodity Futures Trading Commission (CFTC) to operate a 'Designated Contract Market' (DCM). The prediction platform, named Gemini Titan, will initially launch classic binary event contracts, which are 'simple yes/no questions about future events.' Gemini stated that the platform may expand in the future to other derivative markets regulated by the CFTC, such as crypto futures, options, and perpetual contracts. According to the disclosed statement, Gemini first applied for the DCM license on March 10, 2020. However, the initial application did not explicitly indicate that Gemini intended to launch a prediction market platform. (Designated Contract Markets are a collective term for most trading platforms registered and regulated by the CFTC.)