Gemini Secures CFTC License for Crypto Prediction Markets in Watershed Moment
Gemini Titan LLC's five-year quest for regulatory approval culminated in a Designated Contract Market license from the CFTC this week. The green light enables the exchange to offer prediction markets and derivatives—a first for a major US crypto platform.
The breakthrough comes amid shifting regulatory winds. Tyler Winklevoss publicly credited former President Trump's administration for ending what he termed the "War on Crypto," while praising CFTC Acting Chair Caroline Pham's business-friendly approach.
Prediction markets will debut with binary "yes-or-no" contracts, allowing traders to speculate on real-world events. The MOVE signals institutional maturation as regulators gradually warm to crypto innovation.