The post Gemini Gains CFTC Approval, Launches Prediction Market appeared on BitcoinEthereumNews.com. Key Points: Gemini gains CFTC approval for prediction market entry with Titan. GEMI shares jumped 18% pre-market after CFTC license announcement. Gemini aims to expand into regulated event contracts market. Gemini Space Station, Inc. (GEMI) surged 18% following CFTC approval for its affiliate, Gemini Titan, to launch a U.S. prediction market with binary event contracts.. This approval positions Gemini to compete in regulated prediction markets, enhancing its growth potential and impacting market dynamics with a double-digit stock surge. Gemini Secures Key CFTC License for Titan Platform Market response was robust, with Gemini’s shares surging over 18% in pre-market trading following the announcement. Analysts attribute this spike to investor enthusiasm surrounding Gemini’s entry into the prediction market space. Government officials and industry leaders have refrained from immediate comment, but financial analysts highlight the potential for Gemini to pioneer new market standards. The exchange’s reputation for compliance and innovation is further solidified by this regulatory milestone. Gemini’s Strategic Market Expansion and Future Prospects Did you know? Gemini’s success in securing the CFTC approval follows a five-year pursuit since its initial application in March 2020, showcasing the stringent U.S. regulatory landscape for derivatives and the perseverance required to penetrate this market. Gemini’s foray into the prediction market parallels earlier CFTC-approved platforms in the U.S., such as Kalshi. This expands the competition within the regulated event contract space. Financial experts predict that Gemini’s strong compliance record and existing market presence will bolster its competitive advantage. The CFTC’s approval indicates a continued shift toward formal regulation of crypto-related financial products. “Gemini Titan may later explore crypto futures, options, and perpetual contracts for U.S. customers.” – Gemini Space Station, Inc., Official Announcement Looking ahead, experts speculate that Gemini might explore crypto futures, options, and perpetual contracts for U.S. customers. This potential expansion could sway traditional financial… The post Gemini Gains CFTC Approval, Launches Prediction Market appeared on BitcoinEthereumNews.com. Key Points: Gemini gains CFTC approval for prediction market entry with Titan. GEMI shares jumped 18% pre-market after CFTC license announcement. Gemini aims to expand into regulated event contracts market. Gemini Space Station, Inc. (GEMI) surged 18% following CFTC approval for its affiliate, Gemini Titan, to launch a U.S. prediction market with binary event contracts.. This approval positions Gemini to compete in regulated prediction markets, enhancing its growth potential and impacting market dynamics with a double-digit stock surge. Gemini Secures Key CFTC License for Titan Platform Market response was robust, with Gemini’s shares surging over 18% in pre-market trading following the announcement. Analysts attribute this spike to investor enthusiasm surrounding Gemini’s entry into the prediction market space. Government officials and industry leaders have refrained from immediate comment, but financial analysts highlight the potential for Gemini to pioneer new market standards. The exchange’s reputation for compliance and innovation is further solidified by this regulatory milestone. Gemini’s Strategic Market Expansion and Future Prospects Did you know? Gemini’s success in securing the CFTC approval follows a five-year pursuit since its initial application in March 2020, showcasing the stringent U.S. regulatory landscape for derivatives and the perseverance required to penetrate this market. Gemini’s foray into the prediction market parallels earlier CFTC-approved platforms in the U.S., such as Kalshi. This expands the competition within the regulated event contract space. Financial experts predict that Gemini’s strong compliance record and existing market presence will bolster its competitive advantage. The CFTC’s approval indicates a continued shift toward formal regulation of crypto-related financial products. “Gemini Titan may later explore crypto futures, options, and perpetual contracts for U.S. customers.” – Gemini Space Station, Inc., Official Announcement Looking ahead, experts speculate that Gemini might explore crypto futures, options, and perpetual contracts for U.S. customers. This potential expansion could sway traditional financial…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more