Gemini urges CFTC to withdraw proposed rule on event contracts
Gemini co-founder Cameron Winklevoss believes that cryptocurrency prediction platforms offer a level of integrity that other platforms can’t match.
Cryptocurrency exchange Gemini has urged United States regulators to withdraw a proposed regulation that, if passed, would ban all event contracts on decentralized prediction markets.
“We highlight the adverse impact that this rule would have on prediction markets, including prediction markets used to forecast elections,” Gemini stated in an Aug. 8 letter to Christopher Kirkpatrick, the secretary of the US Commodity Futures Trading Commission (CFTC).
Gemini co-founder Cameron Winklevoss made further comments on social media about why he thinks crypto prediction platforms like Polymarket are important, pointing out the transparency they offer users.
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Author: Ciaran Lyons
