Gemini Secures CFTC Approval to Launch Its Regulated Gemini Titan Prediction Market Platform
- Gemini secures approval to run a regulated prediction market and prepares to expand into new derivatives products.
- U.S. prediction markets grow as major platforms gain users and regulators show increasing support for event contracts.
- Polymarket returns to the U.S. with stricter oversight while new firms test prediction features across the sector.
The Commodity Futures Trading Commission granted Gemini Space Station, Inc. permission to conduct a Designated Contract Market. The decision allows the exchange to launch Gemini Titan, its new prediction market platform. The company plans to offer binary event contracts at the start.
It also plans to expand into regulated derivatives such as crypto futures, options, and perpetual contracts. The approval follows a five-year review of the firm’s original application submitted in March 2020. The relocation puts Gemini in an expanding industry that is still appealing to users and investors.
Industry Growth and Regulatory Shifts
The U.S. prediction market sector has expanded quickly during recent election cycles. Trading activity reached record levels on platforms such as Kalshi and Polymarket in late 2023. Analysts expect strong activity this month as well. The CFTC previously took a cautious approach toward the industry.
It restricted several event-based platforms and limited the range of contracts. However, the landscape changed after a legal ruling strengthened Kalshi’s position in political prediction markets. The ruling encouraged further interest in sports and economic event contracts. The agency, led by Acting Chair Caroline Pham, signals increasing support for the sector during the current administration.
New Entrants and Corporate Initiatives
Multiple companies are joining the prediction market push. Trump Media announced plans for a Truth Social prediction market. The service plans to offer event contracts through Crypto.com’s regulated U.S. derivatives arm. The company also plans to use Crypto.com’s CRO token within the product. Truth Social users were recently able to earn gems into CRO tokens using Crypto.com wallet tools.
Meanwhile, Polymarket reentered the U.S. after resolving compliance issues with the CFTC. The firm paid a settlement and adopted stricter oversight. It now operates as a federal intermediated exchange. Its U.S. app currently focuses on sports markets and plans to add proposition markets soon. Coinbase also appears to be testing prediction features within its wallet, while Crypto.com supports several branded platforms across the sector.
Market Impact and Gemini’s Expansion Plans
Gemini’s DCM approval gives the company access to a sector estimated at more than $3.5 billion in annualized activity. Users will be able to trade yes-or-no contracts tied to political, economic, and digital-asset events.
The company plans to add regulated crypto derivatives in future updates. It is studying futures, options, and perpetual swaps for U.S. users. These products remain limited in the United States but remain popular in global crypto markets. Gemini’s stock rose more than 13% after the announcement.
The gain reflects improved investor sentiment following long regulatory delays. The company recently expanded its RLUSD stablecoin to the XRP Ledger, signaling broader growth plans. Gemini expects to launch prediction markets soon, with additional product details under review.
