Gemini Space Station Inc.
(GEMI) and Apex Fintech Solutions Inc. announced on Monday that they have signed a letter of intent for the distribution of crypto prediction markets.
According to the press release, Gemini Titan, the prediction market subsidiary of the crypto trading platform, would become the exclusive regulated venue for crypto event contracts distributed through Apex's Futures Commission Merchant (FCM) to Apex's brokerage customers.
"Under the alliance, brokerages that offer crypto event contracts through Apex's FCM will use Gemini for execution and clearing," the release said.
The two may further collaborate on other event contract categories, such as sports, economics, and financial markets, on a non-exclusive basis.
