New license pushes Gemini into prediction markets and digital financial derivatives

Gemini has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to launch its forecasting platform Gemini Titan as a regulated futures market in the United States.

The platform will start with simple binary contracts on future events, with the potential to later expand to derivatives such as futures, options and cryptocurrency-specific perpetual contracts.

The license was awarded about four years after the initial application was submitted in 2020, at a time when the prediction markets industry, led by the “Kalshi” and “Polymarket” platforms, was growing rapidly, with trading volumes hitting record highs in recent months, especially after President Donald Trump took office.

The CFTC, under Acting Director Carolyn Pham, has taken a more open approach to the industry, encouraging other companies such as Crypto.com and Coinbase to explore launching their own prediction platforms.

Gemini confirmed that prediction markets may become larger than traditional financial markets, praising authorities for their support of innovation and innovation.

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