Overview
- Gemini Predictions is live nationwide on the web and iOS with zero trading fees during an introductory promotion.
- Trading occurs under Gemini Titan’s newly granted CFTC Designated Contract Market license, alongside limited swap-reporting relief for fully collateralized event contracts.
- Users can take positions on simple yes-or-no outcomes using USD balances, with the company touting near-instant execution and full transparency.
- Legal friction continues as a federal judge paused Connecticut’s cease-and-desist orders and regulators in Arizona, Illinois, Montana, Nevada, New Jersey, Maryland, Ohio, New York, Massachusetts, Louisiana, and Washington have challenged similar markets.
- Gemini’s entry intensifies competition with Kalshi and Polymarket, which recently saw nearly $10 billion in combined monthly volume, and the company says it is considering additional US crypto derivatives.