US-regulated crypto exchange Gemini has received regulatory approval in the United States to enter the prediction markets space, marking a significant expansion of its product offering and a notable milestone for the digital assets industry.
Gemini Space Station, Inc. announced that its affiliate, Gemini Titan, LLC, has been granted a Designated Contract Market license by the Commodity Futures Trading Commission. The licence allows Gemini to offer regulated prediction markets to US customers for the first time. Gemini originally applied for the licence in March 2020, with approval arriving after a five year review process.
Tyler Winklevoss, co founder and chief executive of Gemini, described the approval as the beginning of a new chapter for the company. He said the decision reflects a shift in the US regulatory environment towards a more supportive stance on crypto innovation and market development.
Under the new framework, Gemini Titan will offer event based contracts that allow users to trade on the outcome of future events using simple yes or no propositions. Examples include forecasts linked to bitcoin price levels or the outcome of major regulatory and corporate decisions. Customers will be able to trade these contracts through Gemini’s web platform using US dollars held in their accounts, with mobile access expected to follow shortly.
Prediction markets in the US aim to aggregate the views of a wide range of participants to generate market driven forecasts. Supporters argue that they can provide more accurate insights into future outcomes by incentivising participants to express their genuine expectations through pricing mechanisms.
Cameron Winklevoss, Gemini’s president, said prediction markets could rival traditional capital markets in size over time and credited the CFTC’s current leadership for adopting a more innovation friendly approach. He added that regulatory clarity is key to ensuring the US remains competitive in emerging financial technologies.
Looking ahead, Gemini Titan plans to explore a broader range of regulated derivatives for US customers, including crypto futures, options and perpetual contracts. Perpetuals are among the most actively traded crypto derivatives globally but have largely been unavailable to US retail investors.
The move strengthens Gemini’s ambition to build a comprehensive financial platform that combines trading, investing and market insight tools under one regulated ecosystem, while highlighting renewed momentum for crypto product development in the United States.
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