• Gemini urges CFTC withdraw its event contracts proposal claiming that it exceeds the commission’s power.
• While the proposal intends to ban all event contracts in the US, Gemini highlights its consequences.
• Coinbase also urged the commission to reconsider its decision to ban prediction markets.

Gemini, a prominent American-based crypto exchange, has recently criticized the Commodity Futures Trading Commission’s (CFTC) Notice of Proposed Rulemaking, urging them to withdraw it. While the proposal intends to ban all event contracts in the US, Gemini pinpointed the consequences of such a move.

Both Tyler Winklevoss and Cameron Winklevoss, the co-founders of Gemini, raised their voices against the CFTC’s rules against crypto prediction markets like Polymarket. While Polymarket is acknowledged as one of the leading prediction market platforms, Tyler Winklevoss asserted that the public should not be denied access to such platforms.

The post Gemini Questions CFTC’s Regulatory Authority To Ban Crypto Prediction Markets appeared first on Coin Edition.

• Gemini urges CFTC withdraw its event contracts proposal claiming that it exceeds the commission’s power.
• While the proposal intends to ban all event contracts in the US, Gemini highlights its consequences.
• Coinbase also urged the commission to reconsider its decision to ban prediction markets.

Gemini, a prominent American-based crypto exchange, has recently criticized the Commodity Futures Trading Commission’s (CFTC) Notice of Proposed Rulemaking, urging them to withdraw it. While the proposal intends to ban all event contracts in the US, Gemini pinpointed the consequences of such a move.

Both Tyler Winklevoss and Cameron Winklevoss, the co-founders of Gemini, raised their voices against the CFTC’s rules against crypto prediction markets like Polymarket. While Polymarket is acknowledged as one of the leading prediction market platforms, Tyler Winklevoss asserted that the public should not be denied access to such platforms.

The post Gemini Questions CFTC’s Regulatory Authority To Ban Crypto Prediction Markets appeared first on Coin Edition.