CFTC go consider Gemini Titan Prediction Market application

Gemini Space Station Inc. don submit application to US Commodity Futures Trading Commission (CFTC) to run one regulated prediction market platform under new company Gemini Titan. Di application dey find for make dem approve am as contract market for event-driven derivative products wey Gemini Titan go handle by themselves, no go use third-party partners. Inside di application, Gemini still no agree with CFTC plan to ban event contracts, say ban like that go kill correct growth for prediction markets. To make dem approve am, Gemini Titan need follow 23 regulatory standards dem like trading surveillance, financial safeguards and system integrity. Dis move put Gemini Titan for fight with existing big players like Kalshi and Polymarket wey get weekly volumes of $2 billion. Dis plan come at time wey money matter tight: since their September IPO, Gemini shares don fall 49%, revenue come drop to $68.6 million year-on-year and company report loss of $282 million for first half of 2025. Over 80% of trading volume dey come from institutional clients, dis change show say them dey focus on trading wey comply with rules and target institutions.