Gemini Plans to Enter the Prediction Market

Gemini's New Move

The cryptocurrency exchange Gemini has announced plans to enter the prediction market sector. Gemini aims to target this rapidly growing market after going public on the Nasdaq Global Select Market in September.

Prediction Markets and Valuation

Prediction markets fall into the category of derivative products based on the outcome of specific future events. The value of these contracts is determined by the likelihood of the events occurring.