Gemini Secures CFTC Approval for U.S. Prediction Markets Launch
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has received regulatory approval from the CFTC to operate prediction markets in the U.S. The license enables Gemini Titan, an affiliate of Gemini Space Station, Inc., to offer event contracts—a move that positions the exchange against competitors like Kalshi and Polymarket.
The five-year licensing process culminated in a victory for Gemini, with CEO Tyler Winklevoss citing bipartisan regulatory support as instrumental. The platform now plans to expand into crypto derivatives, including futures and perpetual contracts, while offering contracts tied to crypto performance and regulatory developments.
This approval signals growing regulatory acceptance of prediction markets, exemplified by Polymarket’s recent return to U.S. operations after a 2022 offshore hiatus. Gemini’s entry intensifies competition in a sector increasingly viewed as a barometer for crypto market sentiment.
