[Gemini Plans to Launch Prediction Market Contracts, Expanding into Emerging Fields]
The cryptocurrency exchange Gemini Space Station Inc., founded by billionaires Tyler Winklevoss and Cameron Winklevoss, is preparing to enter the prediction market sector with plans to launch related contract products. Prediction markets are federally regulated financial instruments that allow users to bet on the outcomes of sports events, elections, and other occurrences. This move signifies Gemini's entry into this emerging field that has garnered significant attention from financial institutions.