Gemini Secures CFTC Green Light to Launch Prediction Market Platform in the US

Gemini just cleared a major US regulatory hurdle. The crypto exchange secured a key approval from the Commodity Futures Trading Commission (CFTC), paving the way to launch its prediction market platform stateside.

What This Approval Unlocks

This isn't just another product launch—it's a strategic move into a new asset class. The CFTC's nod allows Gemini to operate a market where users can bet on real-world events, from election outcomes to box office results. It transforms speculation from a barstool conversation into a tradable asset, all wrapped in a regulated package.

The Regulatory Tightrope Walk

Getting here meant navigating a maze of compliance checks. The CFTC's stamp signifies Gemini's platform meets specific standards for market integrity and consumer protection—a significant barrier that keeps less-prepared competitors on the sidelines. It’s a classic case of regulatory moat-building in the digital age.

Why It Matters for Crypto

This move blurs the lines between traditional finance and crypto-native innovation. By bringing prediction markets under a formal regulatory framework, Gemini legitimizes a use case that has largely existed on the fringes. It’s a bet that regulated speculation can be just as lucrative as the wild west version—with fewer lawsuits.

A cynic might say the finance industry has finally found a way to securitize gossip. But for the crypto space, it represents a hard-won expansion of its legal playground. The race to tokenize everything now includes the future itself.

Big Players Enter Prediction Market Space – Integration Meets Sustainability

The prediction markets arena has gained major traction ever since the US federal court dismissed a CFTC prohibition on election betting last year.

The space has been experiencing rapid growth, following the announcement of record trading volumes by dominant players Kalshi and Polymarket.

However, the challenge is on sustainable integration, while balancing innovation with responsibility, James Newman, Chief Corporate Affairs Officer at sports blockchain Chiliz, told Cryptonews.

“Sustainable integration means creating an ecosystem that fosters deeper connections, where fans are not just spectators but are empowered as stakeholders. This is where the future of all fan engagement lies,” Newman added.

Polymarket Comeback to US Aligns With Growing Demand

Early this month, Polymarket announced its comeback in the US after nearly three years, following regulatory clearance from the CFTC.

The US agency fined Polymarket $1.4 million for operating an unregistered derivatives exchange in 2022, and blocking its US operations. However, US users continued accessing the site through VPNs, even after its official exit.