GMNI

A New York Times investigation reports that senior CFTC officials who raised internal concerns about prediction markets and crypto platforms Polymarket, Crypto.com, and Gemini were subsequently suspended and pushed out of the agency. The report suggests regulatory pressure was applied to silence dissent within the CFTC regarding oversight of these platforms. No formal regulatory actions or charges have been announced against the named companies.

Gemini has secured a derivatives license and is reportedly planning to enter the prediction market space, positioning itself as a competitor to existing platforms Kalshi and Polymarket. The news has driven a surge in Gemini-related shares. No further financial details or timeline for the prediction market launch have been confirmed.