Gemini Entering Prediction Markets for Revenue Boost
Update: 2025-11-05
Description
Gemini, the parent company of the Gemini crypto exchange, is set to enter the prediction market business, aiming to boost revenue and tackle financial hurdles. They've filed for approval with the U.S. Commodity Futures Trading Commission to launch a derivatives exchange, potentially rivaling Kalshi and Polymarket. This move comes as Gemini faces dwindling revenue, substantial losses, and waning individual investor engagement.
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