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Stock impact report

Why Shares in Gemini Space Station Lost Oxygen This Week [Yahoo! Finance]

Gemini Space Station, Inc. - Class A (GEMI) 
Company Research Source: Yahoo! Finance
10 stocks we like better than Gemini Space Station › Shares in Gemini Space Station (NASDAQ: GEMI) declined by 13.6% last week. Despite the name, the company has no connection to space. Instead, it's a cryptocurrency exchange (CEX) and custodian run by CEO Tyler Winklevoss and his identical twin brother, Gemini's President Cameron Winklevoss , that began trading on the Nasdaq in mid-September. The company recently received a U.S. license to offer prediction markets (investing in binary event outcomes) to U.S. customers. This will enable U.S.-based Gemini customers to participate in prediction markets, which Cameron Winklevoss believes "have the potential to be as big or bigger than traditional capital markets While that might be a stretch, prediction markets do have the potential to offer investors a way to manage risk by hedging against the result of an outcome. Prediction markets offer growth potential, but right now the company's fortunes are tied to the crypto market via Show less Read more
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