Gemini (GEMI) rallies after reporting 42% Q1 revenue growth and prediction market data

Gemini shares (GEMI) rose as much as 30% in after-hours trading Thursday after the crypto exchange reported 42% year-over-year Q1 revenue growth to $50.3 million. The company also disclosed initial results for its prediction market launched in December, including $400,000 in revenue and more than 100 million contracts traded, while still posting a $109 million quarterly net loss.