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6h ago

Gemini Wins CFTC Designated Contract Market License to Launch U.S. Prediction Markets

The five-year approval positions the exchange to open web-based event contracts soon, with plans to pursue regulated crypto derivatives next.

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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Photo: Callaghan O’Hare

Overview

  • Gemini’s affiliate, Gemini Titan LLC, received a CFTC Designated Contract Market license on Dec. 10, completing an application first filed in March 2020.
  • U.S. customers will be able to trade yes/no event contracts on Gemini’s web platform shortly, with mobile app trading to follow.
  • Shares of Gemini Space Station Inc. (GEMI) jumped roughly 13–14% in after-hours trading after the announcement.
  • The approval moves Gemini into a growing, regulated prediction-market arena alongside Kalshi and Polymarket after court and policy shifts reopened the space.
  • The company says it will explore listing U.S. crypto futures, options, and perpetuals in the future, subject to regulatory clearance.