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6d ago

CFTC Grants Gemini Titan License to Offer Regulated U.S. Prediction Markets

The five-year approval positions Gemini to roll out web-based yes-or-no event contracts to U.S. customers shortly.

Tyler Winklevoss and Cameron Winklevoss, attend the opening bell ceremony for American Bitcoin at the Nasdaq Market in New York City, U.S., September 16, 2025. REUTERS/Brendan McDermid
Gemini approved by cftc to offer u.s. prediction markets, stock surges nearly 14%
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Overview

  • Gemini said trading will start on its web platform using USD balances, with mobile app access to follow.
  • GEMI shares jumped about 13.7% in after-hours trading following the Dec. 10 announcement.
  • The Designated Contract Market status places Gemini in a small cohort of CFTC-supervised venues and sets up competition with Kalshi and on-chain rival Polymarket.
  • Executives credited a friendlier regulatory posture under Acting CFTC Chair Caroline Pham, with Tyler Winklevoss publicly thanking President Trump.
  • Gemini Titan said it will explore future U.S. listings for crypto futures, options, and perpetuals, which would require additional reviews and approvals.