CFTC Certifies First Crypto-Native Exchange as a Designated Contract Market

Gemini Titan LLC last month became the first crypto-native exchange to be certified as a Designated Contract Market (DCM) by the Commodity Futures Trading Commission (CFTC), marking a regulatory milestone for both prediction markets and the U.S. digital assets sector. The approval, announced by Gemini Space Station Inc., signaled that crypto firms can, under the right conditions, be integrated into the federal derivatives regulatory framework.

Prediction markets have long occupied an uneasy position in U.S. financial regulation. While they function economically like futures markets by allowing participants to trade contracts tied to future outcomes, they have historically drawn scrutiny because of their perceived resemblance to…

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