Gemini Expands into Prediction Markets
Update: 2025-12-11
Description
Gemini, a prominent cryptocurrency exchange, has secured a CFTC license for prediction markets, marking a significant step for the company and a growing trend of regulatory acceptance for these markets. This approval, after a five-year process, allows Gemini to offer event contracts to U.S. customers, competing with established players like Kalshi and Polymarket. Soon, Gemini customers can trade these contracts using their existing U.S. dollar balances, with a mobile app feature coming later. The shift reflects a more open approach from the CFTC, with Acting Chairman Caroline Phams recent announcement of a CEO Innovation Council, including Geminis CEO, Tyler Winklevoss.
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