Mentioned:
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Cameron and Tyler Winklevoss are coming after one of the fastest growing businesses in America: prediction markets.
What’s happening:
- Gemini Space Station (NASDAQ: GEMI) has officially received a CFTC Designated Contract Market license
Why it matters:
- The new CFTC approval will allow Gemini Space Station to launch compliant event contracts and prediction markets to users within the United States
Going deeper:
- Gemini Space Station now joins Polymarket and Kalshi as some of the only companies in America to have full regulatory approval to operate prediction markets
- Robinhood (NASDAQ: HOOD) has also been aggressively pouring capital into expanding their presence in prediction markets in the United States, including just recently striking a new deal to acquire 90% of regulated futures exchange MIAXdx
The intrigue:
- Gemini Space Station co-founders Cameron and Tyler Winklevoss also just recently made major waves on Wall Street when they funded the launch of the first ever publicly traded company focused solely on the accumulation of Zcash with $58M USD of their own capital
