Crypto Platforms See Strategic Developments: Gemini Growth Catalysts and Polymarket US Relaunch Amidst Regulation
Crypto Platforms See Strategic Developments: Gemini Growth Catalysts and Polymarket US Relaunch Amidst Regulation
Mizuho analysts view Gemini as a 'hidden gem,' highlighting its near-term plans for a prediction markets platform and SMB cards as significant growth catalysts, despite a substantial share price drop. In parallel, Polymarket has quietly relaunched its US trading platform in beta, marking its return after previously exiting the US market due to an enforcement case with the Commodity Futures Trading Commission.
Company Outlook and Platform Relaunches
Mizuho analysts have described Gemini as a 'hidden gem,' even as its shares have fallen 57% since its debut. They point to the crypto exchange's strategic initiatives, including the upcoming launch of a prediction markets platform and new SMB cards, as key drivers for future growth.
Meanwhile, Polymarket has re-entered the US market, quietly relaunching its trading platform in a beta phase, according to Bloomberg. This development is a significant milestone for Polymarket, which had previously ceased US operations following an enforcement action by the Commodity Futures Trading Commission (CFTC).