PANews reported on December 11th that, according to The Block, cryptocurrency exchange Gemini Space Station, Inc. (ticker symbol GEMI) has been granted permission to enter the prediction market space. On Wednesday, it received approval from the Commodity Futures Trading Commission (CFTC) to operate a Designated Contract Market (DCM). In a statement, Gemini said its prediction platform, named "Gemini Titan," will initially offer classic binary event contracts, which "pose simple 'yes or no' questions about future events." In the future, the platform may expand to other derivatives markets under CFTC regulation, such as cryptocurrency futures, options, and perpetual contracts.