Gemini Space Station, Inc. has reached a major milestone in U.S. crypto markets. Its affiliate, Gemini Titan, LLC, received a Designated Contract Market license from the Commodity Futures Trading Commission, enabling the company to offer prediction markets to American customers. The approval follows a five-year licensing process that began on March 10, 2020.
“Today’s approval marks the culmination of a 5-year licensing process and the beginning of a new chapter for Gemini,” said Gemini CEO Tyler Winklevoss. “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. It’s incredibly refreshing and invigorating to have a President and a financial regulator who are pro crypto, pro innovation, and pro America.”
Gemini Titan plans to offer event contracts that answer simple yes-or-no questions about future events. Examples include, “Will 1 bitcoin end this year higher than $200k?” or “Will Elon Musk’s X end up paying the full $140 million fine to the European Commission in 2026?” Customers in the U.S. will soon be able to trade these contracts through Gemini’s web platform, with mobile app support coming shortly.
“Prediction markets have the potential to be as big or bigger than traditional capital markets. Acting Chairman Pham understands this vision and its importance,” said Cameron Winklevoss, Gemini President.“Unlike her predecessor, 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.”
Expansion Plans and Derivatives Offerings
Beyond prediction markets, Gemini Titan intends to explore crypto futures, options, and perpetual contracts. Popular in Asia, perpetual contracts, or “perps,” are among the most traded derivatives in crypto markets. Gemini aims to make these instruments available to U.S. customers, expanding its role as a comprehensive financial platform.
Prediction markets leverage collective intelligence, incentivizing truthful insights and delivering aggregated forecasts to participants. Gemini sees this new offering as part of a broader strategy to create a one-stop financial ecosystem.
Market Competition and Regulatory Context
Gemini now joins competitors such as Kalshi and Polymarket, the latter recently regaining CFTC approval to resume U.S. operations after being pushed offshore in 2022. The licensing decision reflects a shift in regulatory posture. Under Acting Chairman Caroline Pham, the CFTC has adopted a more permissive stance toward prediction markets compared to previous administrations. Pham also announced the inaugural CEO Innovation Council, which includes Tyler Winklevoss along with executives from Polymarket, Kalshi, Nasdaq, and CME Group.
Investor response was immediate. Gemini stock rose approximately 13.7% in after-hours trading, despite remaining down 70% from its IPO opening price. Market research from Myriad Markets indicates that 80% of users see prediction markets as having the most growth potential within the crypto sector.
Gemini’s entry into U.S. prediction markets marks both a regulatory and operational landmark for the company, signaling renewed confidence in the American crypto landscape under the current CFTC leadership.
Source:
“Gemini Receives US License for Prediction Markets”, investors.gemini.com, December 10, 2025
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