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.