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Gemini plans to offer prediction market contracts, per Bloomberg.
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The exchange applied for a CFTC derivatives license in May.
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The move follows record growth for platforms like Kalshi and Polymarket.
Gemini Eyes Prediction Market Expansion
Crypto exchange Gemini, founded by the Winklevoss twins, is reportedly preparing to launch prediction market contracts, according to Bloomberg. The products could debut once the company secures regulatory approval.
Regulatory Framework in Progress
In May, Gemini filed an application with the Commodity Futures Trading Commission (CFTC) to operate a designated contract market — the required license to offer derivatives trading. Bloomberg suggests the same platform could host these new prediction contracts.
Rising Demand for Event Contracts
Prediction markets have become a fast-growing sector, with Kalshi and Polymarket setting record monthly volumes of $4.4 billion and $3 billion respectively. The CFTC has recently signaled a more open stance, viewing these markets as innovative tools for data-driven forecasting.
Competitive Landscape Expands
Major platforms are joining the trend. Robinhood partnered with Kalshi earlier this year, and even the NHL has signed multi-year licensing deals with both Kalshi and Polymarket. Gemini’s move positions it to compete directly in this emerging hybrid space between crypto and finance.
