Gemini to cut 200 jobs, close in UK and Europe

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Summary

Gemini plans to cut 200 jobs and close operations in the UK and Europe due to challenges in foreign markets; founders remain optimistic about a pivot to prediction markets.

Why It Matters for Texas Credit Unions

The article does not mention Texas specifically and is focused on a crypto firm's business strategy changes, which are not directly related to credit union operations in Texas.

Original Source Material

The crypto firm’s founders, Cameron and Tyler Winklevoss, said those “foreign markets have proven hard to win in” but expressed confidence in a pivot to prediction markets.