Gemini, PancakeSwap Jump Into Prediction Markets as Crypto Fever Spreads

The crypto prediction market race just got two heavyweight contenders. Gemini and PancakeSwap are diving in—and they're not testing the water first.

Why Prediction Markets Are the New Frontier

Forget simple swaps. This is about betting on real-world outcomes—elections, sports, even the weather—using crypto. It's DeFi meets the oracle, and the potential is massive. Traditional finance has its spreadsheets; crypto has its smart contracts. One is arguably more fun.

Gemini's Institutional Play vs. PancakeSwap's Community Edge

Gemini brings its regulated, wall-street-friendly sheen to the arena. Expect polished interfaces and compliance-first frameworks. Meanwhile, PancakeSwap leverages its massive, battle-tested community on the BNB Chain. It's a clash of philosophies: the gated institution versus the open-access protocol.

The Fever Pitch: What's Driving the Rush?

It's not just novelty. Prediction markets tap into a deep human desire to speculate and gain an edge. They create a new utility layer for tokens beyond mere governance or yield farming. In a sector always hunting for the next 'killer app,' this feels less like a feature and more like a foundational shift.

A Cynical Footnote for the Finance Bros

Let's be real—this also creates a shiny new venue for leveraged guesses, wrapped in the respectable jargon of 'market efficiency.' Somewhere, a hedge fund manager is explaining to his limited partners how betting on political outcomes via blockchain is a 'sophisticated alpha strategy.'

The bottom line? The infrastructure for decentralized soothsaying is being built right now. Whether it becomes a pillar of Web3 or just another casino with better UX remains the biggest prediction of all.

Gemini Launches Regulated Prediction Markets in US

Gemini’s new platform allows users to trade on the outcomes of real-world events with near-instant execution and transparent settlement, according to the company.

The launch follows Gemini Titan’s regulatory approval last week, marking one of the most notable US expansions of prediction markets by a major crypto exchange.

The MOVE fits into Gemini’s broader strategy of building an “everything app” for digital assets. Alongside spot trading, the exchange has expanded into staking, rewards, tokenized stocks and now prediction markets, mirroring a wider industry trend toward all-in-one platforms.

Introducing Gemini Predictions, now live across all 50 US states

Users can trade on outcomes of real world events with NEAR instant execution and full transparency. pic.twitter.com/1wRhkLCEG5

Rivals such as Coinbase and Crypto.com have also been exploring similar expansions as competition intensifies.

Prediction markets are not limited to centralized exchanges. Decentralized platforms are moving quickly as well.

PancakeSwap on Tuesday unveiled Probable, a new prediction market incubated by the decentralized exchange and backed by YZi Labs, the venture firm founded by Binance co-founder Changpeng “CZ” Zhao.

Multiple prediction markets on @BNBCHAIN https://t.co/epJuybrLiA

Probable is set to launch exclusively on BNB Chain and will initially charge no fees.

According to PancakeSwap, the platform will automatically convert deposited tokens into USDT on BNB Chain, eliminating the need for users to manually swap or bridge assets. Event outcomes and settlement will be verified using UMA’s Optimistic Oracle.

While PancakeSwap is supporting the project’s early development, Probable will operate as an independent platform. A launch date has not yet been announced.

Prediction Markets Gain Traction as Volumes Hit Billions

The rapid expansion reflects growing demand for prediction markets, which gained momentum this year as platforms such as Kalshi and Polymarket posted billions of dollars in monthly trading volumes beginning in October.

The trend has attracted attention from both crypto-native firms and traditional financial players, including Robinhood and MetaMask.

As reported, Kalshi has secured a major media breakthrough after signing a partnership with CNN, making the company the network’s official prediction markets partner while closing a $1 billion funding round at an $11 billion valuation.

Under the agreement, Kalshi’s real-time market data will be used inside CNN’s newsroom to support reporting on politics, economics, and major cultural events.

Meanwhile, Mike Novogratz’s Galaxy Digital is in talks with Polymarket and Kalshi about becoming a liquidity provider, as on-chain betting on real-world events draws more attention from both retail traders and Wall Street.compliance remain unresolved.