๐ Gemini to CFTC: "Don't Rain on Our Prediction Parade!" ๐ฆ๏ธ
In a twist that could rival any plot, Gemini is urging U.S. regulators to ditch a proposed rule that would ban event contracts on decentralized prediction markets. Co-founder Cameron Winklevoss took to social media, highlighting the transparency and integrity of platforms like Polymarket.
Winklevoss argues these markets offer a unique public utility by requiring participants to have "skin in the game." Coinbase's legal eagle, Paul Grewal, also chimed in, calling for a balanced approach that fosters innovation.
What do you think? Should the CFTC back off? Share your thoughts below! ๐