Gemini Receives CFTC Approval for Regulated Prediction Markets Platform

Source: CryptoNewsNet Original Title: Gemini’s Tyler Winklevoss Thanks Trump for Ending the Biden Administration’s War on Crypto After DCM License Original Link: Gemini Space Station announced that its affiliate Gemini Titan secured approval from the US Commodity Futures Trading Commission (CFTC) to operate a Designated Contract Market (DCM).

The decision opens the door for the exchange to begin offering regulated prediction markets in the United States.

Gemini Titan Debuts in Prediction Markets

The launch marks Gemini’s first entry into the fast-growing event-contracts sector, where traders buy and sell binary “yes or no” positions tied to future outcomes. Gemini, which first filed for a DCM license in March 2020, had not previously disclosed that the application would form the basis of a standalone prediction-market platform.

US customers will initially access the contracts through Gemini’s website using existing USD balances, and mobile access is expected to follow. The move places Gemini in a competitive field led by Kalshi and Polymarket, platforms that saw trading volumes surge during last year’s US election cycle and continue climbing since recent political transitions.

The sector has been shaped by years of cautious CFTC oversight, including enforcement actions and tight restrictions on political-themed markets. A recent legal win by Kalshi against the CFTC over event-contract listings has widened the regulatory pathway for platforms seeking to expand into categories such as sports and economic forecasting.

Gemini’s CEO, Tyler Winklevoss, expressed appreciation for the shift in regulatory approach toward the sector, noting that “it’s incredibly refreshing and invigorating to have a President and a financial regulator who are pro crypto, pro innovation, and pro America.”

Meanwhile, the exchange’s President Cameron Winklevoss said:

“Prediction markets have the potential to be as big or bigger than traditional capital markets. The current CFTC leadership understands this vision and its importance. Unlike previous administrations, the CFTC has positioned itself as a pro-business, pro-innovation regulator that will allow America to lead in these new and exciting markets.”

The official announcement also revealed that Gemini Titan may later broaden its derivatives offerings to include crypto futures, options, and perpetual contracts, products widely traded in Asia but historically limited in the United States due to regulatory hurdles.

CFTC Warms Up to Prediction Markets

Prediction markets are gaining momentum as the CFTC has taken a more welcoming approach to the sector. In recent developments, major platforms have announced plans to expand prediction market offerings, with industry leaders suggesting the sector could grow into a “multi-deca-billion-dollar” market.

The regulatory shift reflects broader changes in how US financial authorities view cryptocurrency and blockchain-based derivatives.