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Apex Fintech Solutions has signed a deal with Gemini ***** e Station to bring Gemini ***** an's crypto event contracts to Apex's recently launched prediction markets platform. With this deal, the Gemini subsidiary would become the exclusive regulated venue for crypto prediction markets distributed through Apex's Futures Commission Merchant (FCM).
Apex's brokerage clients will use Gemini for execution and clearing for their crypto event contracts. Gemini will also bring additional contract categories, such as sports, economics, and financial markets.
"Leveraging more than a decade of experience building and operating a regulated platform for crypto, a new and emergent ***** et class, we deliberately chose to build our predictions platform in-house," said Tyler Winklevoss, CEO of Gemini, in a statement. "We believe that predictions are the future of markets, and this strategy allows us to expand our offering and open access to valued partners like Apex as demand for event contracts grows."
This follows news earlier this month that Apex launched a prediction markets platform, with an API that gives firms access to market flow from prediction market exchange Kalshi. With the new platform, Apex handles all FCM operations, clearing, segregated custody and account management, so firms don't have to build their own FCM infrastructure or direct exchange connectivity.
#gemini
Apex Fintech Solutions has signed a deal with Gemini ***** e Station to bring Gemini ***** an's crypto event contracts to Apex's recently launched prediction markets platform. With this deal, the Gemini subsidiary would become the exclusive regulated venue for crypto prediction markets distributed through Apex's Futures Commission Merchant (FCM).
Apex's brokerage clients will use Gemini for execution and clearing for their crypto event contracts. Gemini will also bring additional contract categories, such as sports, economics, and financial markets.
"Leveraging more than a decade of experience building and operating a regulated platform for crypto, a new and emergent ***** et class, we deliberately chose to build our predictions platform in-house," said Tyler Winklevoss, CEO of Gemini, in a statement. "We believe that predictions are the future of markets, and this strategy allows us to expand our offering and open access to valued partners like Apex as demand for event contracts grows."
This follows news earlier this month that Apex launched a prediction markets platform, with an API that gives firms access to market flow from prediction market exchange Kalshi. With the new platform, Apex handles all FCM operations, clearing, segregated custody and account management, so firms don't have to build their own FCM infrastructure or direct exchange connectivity.
#gemini
2 months ago
