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yesterday

Gemini Wins CFTC License to Run U.S. Prediction Markets

The approval follows a court decision that eased curbs on election betting.

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%
Gemini wins cftc approval for prediction markets
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Overview

  • The Commodity Futures Trading Commission granted a Designated Contract Market license to Gemini’s affiliate, Gemini Titan LLC, authorizing regulated event-based contracts for U.S. users.
  • Gemini says U.S. customers will be able to trade on its web platform shortly, with mobile app access to follow.
  • The clearance caps a five-year application process that began in March 2020.
  • Gemini shares rose in extended trading after the announcement, though the stock remains well below its IPO price.
  • Competition is intensifying as Fanatics moves into prediction markets and Robinhood partners with Susquehanna to take over LedgerX, reflecting momentum since a federal court dismissed a CFTC ban on election betting.