Gemini Gets CFTC Approval Paving the Way for US Prediction Market Launch

Gemini Space Station has overcome a big regulatory challenge in the United States, gaining the Commodity Futures Trading Commission’s go-ahead to function as a designated contract market. This decision brings an end to a review process that lasted several years and puts the company in a position to roll out a regulated prediction market platform for Americans in the next few weeks.

Gemini to Debut ‘Titan’ Prediction Market

The license gives Gemini the go-ahead to offer event-based derivatives. This lets customers bet on outcomes tied to politics, economics, technology, and other real-world events. The company plans to launch this new project called “Gemini Titan” in-house, on its website first. Soon after, it will show up on their mobile app, too. Gemini has said that people in the US can trade these new products using the dollars they already have in their accounts, reported Bloomberg.

The green light comes after a long push that started in 2020. Leaders say this choice is the end result of years of getting ready, noting it kicks off a big change in strategy toward a wider range of derivatives. Papers filed for its September IPO pointed to this plan, listing crypto futures, options, and always-on swaps as the next moves in its US growth.

Leaders at Gemini have also pointed to the regulator’s recent stance as a key factor. The company said that Acting CFTC Chair Caroline Pham had an impact on moving the application forward, with Cameron Winklevoss noting that she has adopted a more open attitude toward digital-asset breakthroughs than previous administrations. Pham, in turn, launched the agency’s first CEO Innovation Council on the same day as the announcement, including Tyler Winklevoss among the initial members alongside executives from Polymarket, Kalshi, CME Group, and Nasdaq.

New Contract Lineup Signals Gemini’s Shift Toward Broader Derivatives

The launch of Gemini comes at a time when the market is competitive yet expanding. Prediction markets have gained new momentum following a federal court decision last year that loosened restrictions on election-related contracts. Throughout 2025, Kalshi and Polymarket have seen their trading volumes hit new highs, and several big financial companies have shown interest in joining the field. Polymarket has regained access to the US market after meeting earlier penalties for operating without proper registration.

Gemini has previewed sample contracts that include bets on cryptocurrency prices and regulatory decisions, though the company has not said if it will offer sports-related markets. The exchange might need to file additional paperwork before certain contracts go live, but it says its first listings are almost ready.

Investors reacted to the news. Gemini’s stock price rose in after-hours trading when the announcement came out, adding to the stock’s recovery since its September IPO. Now that regulations are clear, the company is getting ready to go up against the big names in an industry that is becoming a regular part of US financial markets.