Major crypto exchange Gemini just filed an application with the CFTC seeking approval to launch prediction market contracts. The timing's a bit tricky though—approval could get pushed back since the U.S. government shutdown might slow down the regulatory review process.

This move signals Gemini's ambition to expand beyond traditional crypto trading into the prediction markets space, a sector that's been gaining serious traction lately. If approved, it would mark another milestone for regulated prediction contracts in the States.

The government shutdown factor adds an extra layer of uncertainty. Regulatory agencies typically operate with skeleton crews during shutdowns, which means application reviews often get delayed or put on hold entirely. Worth keeping an eye on how this plays out.