Gemini Plans to Enter the Prediction Market

Gemini's New Move

Cryptocurrency exchange Gemini announced that it plans to step into the prediction market sector. After going public on the Nasdaq Global Select Market in September, Gemini aims to target this market, which has seen significant growth in the past year.

Prediction Markets and Valuation

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