Overview
- Bloomberg reports Gemini plans to list event-based contracts on politics, sports and economic outcomes once its derivatives exchange is approved.
- Public CFTC documents show Gemini Space Station registered “Gemini Titan” to operate as a designated contract market.
- Regulatory review could take months, and recent U.S. government shutdown effects may further slow new approvals, according to the coverage.
- A launch would put Gemini in competition with Kalshi and Polymarket as the sector sets records, including October volumes of $4.4 billion and $3 billion respectively.
- The strategy follows financial strain post-IPO, with a $282 million first-half 2025 loss and a slumping share price, and the company’s first earnings report is slated for Nov. 10.