Gemini Enters Prediction Markets After CFTC Green Light?

Gemini just gained a new regulatory green light that reshapes plans in the United States. The approval opens doors to prediction markets and puts the crypto exchange deeper into regulated derivatives.

Good to Know

• CFTC approved Gemini as a derivatives exchange
• Event contracts can now reach US users
• Prediction markets and crypto derivatives remain in focus

Gemini Secures CFTC Approval for Derivatives Exchange

The Commodity Futures Trading Commission granted Gemini Space Station Inc approval to operate as a derivatives exchange. The license gives Gemini immediate access to the expanding US prediction markets segment.

Gemini, founded by Tyler and Cameron Winklevoss, can now list event contracts for existing US customers through both the website and mobile app. Prior filings tied to a planned initial public offering outlined interest in contracts linked to economic data, political outcomes, financial indicators, and sports forecasts.

Beyond event contracts, Gemini said it plans to evaluate additional derivatives products. Areas under review include crypto futures, options, and perpetual contracts, all of which continue to attract strong trading demand across global crypto platforms.

Market Reaction and Industry Context

Shares tied to the Gemini listing jumped as much as 28 percent in after hours trading after confirmation of the designated contract market license. The move adds another crypto native operator into event based derivatives, a category drawing steady interest even as regulators review how sports related contracts fit inside existing frameworks.

Prediction markets continue to grow alongside platforms such as Kalshi and Polymarket, with traders using event contracts to express views on elections, inflation data, interest rate decisions, and major sporting outcomes. Gemini entry adds scale and brand recognition to that segment.

Regulatory Backdrop at the CFTC

The approval reflects ongoing activity at the CFTC under acting chairman Caroline Pham. During her tenure, the agency expanded oversight of digital asset markets and derivatives tied to crypto activity.

Pham is expected to exit the role if nominee Michael Selig secures Senate confirmation. That transition adds another layer of attention to how the agency handles event contracts, prediction markets, and crypto linked derivatives going forward