Gemini's Pre-market Trading Surges Over 18% After Approval to Enter Prediction Market

BlockBeats News, December 11th, the cryptocurrency exchange platform Gemini Space Station, Inc. (stock symbol: GEMI) surged over 18% in pre-market trading. Earlier reports stated that Gemini had been approved to enter the prediction market space.

It is reported that Gemini received approval from the U.S. Commodity Futures Trading Commission (CFTC) this Wednesday to operate as a Designated Contract Market (DCM). The prediction platform, named Gemini Titan, will initially launch with classic binary event contracts, which are "simple yes/no questions about future events."