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Gemini taps Apex to pipe crypto prediction markets into brokerages
Gemini has signed a letter of intent with Apex Fintech Solutions to distribute its regulated crypto prediction markets to brokerage firms. This partnership will make Gemini Titan the exclusive venue for crypto event contracts routed through Apex's futures commission merchant to its brokerage clients. The move aims to leverage Gemini's regulatory licenses and Apex's distribution network to expand the reach of prediction markets in the cryptocurrency space.
New York Attorney General sues two prediction markets on illegal gambling allegations
New York Attorney General Letitia James has sued Coinbase Financial Markets and Gemini Titan, alleging they are operating unlicensed gambling operations and violating state laws by allowing bets on games involving New York college sports teams. This action follows similar moves by other states, though the US Commodity Futures Trading Commission has asserted federal authority over prediction markets.