Crypto exchange Gemini and Apex Fintech Solutions have signed a non-binding letter of intent making Gemini Titan the exclusive regulated venue for crypto event contracts offered by brokerage firms through Apex’s Futures Commission Merchant. Participating brokerages would use Gemini for execution and clearing, giving Gemini a new distribution channel for its prediction-market business. Apex provides trading and clearing infrastructure to hundreds of financial firms serving tens of millions of investors. This partnership comes as prediction markets face mounting legal challenges at the state level in the US, with a Washington state judge recently ordering Kalshi to stop offering event contracts in the state.
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