Overview
- U.S. customers will be able to trade yes-or-no event contracts on Gemini’s web platform shortly, with mobile access to follow.
- Gemini first applied for the Designated Contract Market license on March 10, 2020, concluding a five-year review.
- Gemini Space Station shares jumped about 13.7% in after-hours trading to roughly $12.92 following the announcement.
- The approval inserts Gemini into a U.S. market led by Kalshi and a newly reauthorized Polymarket, intensifying the race for users and liquidity.
- Gemini says it will explore adding crypto futures, options and perpetuals in the U.S., while leadership framed the decision as reflecting a friendlier stance under Acting CFTC Chair Caroline Pham and publicly thanked President Trump.