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Report: Gemini Poised to Enter Prediction Markets With CFTC-Regulated Contracts

The company is seeking CFTC approval for a “Gemini Titan” market to diversify revenue after a rocky post-IPO slide.

Overview

  • Gemini’s plan is reported by Bloomberg and remains unconfirmed by the company, with any launch dependent on CFTC approval.
  • Public CFTC filings show a May application under the name “Gemini Titan” to operate a Designated Contract Market for event contracts.
  • Regulatory review may face delays due to the U.S. government shutdown, extending the timeline for any decision.
  • If approved, Gemini would compete with licensed operator Kalshi and a U.S.-reentering Polymarket, with rivals exploring similar offerings.
  • The move follows financial pressure, including a $282 million net loss in H1 2025 and shares down about 49% since the September IPO, as prediction-market volume recently hit a $2 billion weekly peak.