Crypto platform Gemini Space Station Inc. (Nasdaq: GEMI) announced on Dec. 10 that its affiliate Gemini Titan LLC received a Designated Contract Market license from the Commodity Futures Trading Commission (CFTC), enabling the company to offer prediction markets to U.S. customers.
Gemini co-founder and CEO Tyler Winklevoss stated:
Today’s approval marks the culmination of a 5-year licensing process and the beginning of a new chapter for Gemini.
“We thank President Trump for ending the Biden Administration’s war on crypto and Acting Chairman Pham for her hard work and dedication to help realize President Trump’s vision for making America the crypto capital of the world,” he added.
The company explained that its new platform will allow customers to trade event contracts directly through Gemini’s web interface, with mobile access coming soon, supporting simple yes-or-no markets tied to price movements, geopolitical shifts, regulatory actions, and other real-world outcomes.
Event contracts framed as simple yes-or-no questions will be the first products introduced under the new license, including markets tied to bitcoin prices or regulatory decisions. According to the announcement:
Gemini Titan plans to enter into the prediction markets space by offering event contracts that are simple yes or no questions on future events.
“For example, ‘Will 1 bitcoin end this year higher than $200k?’ Yes or no. Or, ‘Will Elon Musk’s X end up paying the full $140 million fine to the European Commission in 2026?’ Yes or no,” Gemini explained.
Read more: CNBC Partners With Kalshi to Integrate Prediction Market Data
Cameron Winklevoss, the company’s co-founder and president, added that CFTC Acting Chairman Pham “has positioned the CFTC as a pro business, pro innovation regulator that will allow America to lead in these new and exciting markets.”
The entry of Gemini Titan dramatically escalates competition in the U.S. prediction market niche, challenging existing players like Kalshi and the high-volume platform Polymarket. This move by Gemini Space Station signals a fierce battle for market share against these established incumbents and newly regulated financial players, intensifying the fight for liquidity in the burgeoning sector of collective forecasting.
“In the future, Gemini Titan will explore expanding its derivatives offering for US customers to include crypto futures, options, and perpetual contracts or perps. Perps are the most widely traded derivatives contracts in the crypto industry, having gained huge popularity and traction in Asia and other non-US jurisdictions over the last decade,” Gemini concluded.
- What does Gemini Titan’s new CFTC license allow?
It authorizes the company to operate a regulated U.S. prediction market offering event contracts. - How will Gemini’s prediction markets be structured?
They will launch with simple yes-or-no event contracts tied to outcomes like bitcoin prices and regulatory actions. - Which competitors does Gemini Titan challenge?
It enters a space dominated by Kalshi and Polymarket, increasing competition for liquidity and users. - What broader strategy did Gemini leadership signal?
The company may expand into futures, options, and perpetuals within a unified financial super app.
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