Winklevoss-founded Gemini moves to enter prediction markets. The move would bring Gemini into the broader rush of financial firms entering the nascent industry developing around prediction markets, which offer a federally regulated way to bet on the outcome of sports games, elections and other events.

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is entering the U.S. prediction markets business through a new CFTC-regulated venue called Gemini Titan, adding federally supervised event contracts on sports, elections, crypto prices and other real‑world outcomes to its product lineup. This move places Gemini alongside a small group of platforms such as Kalshi that have secured U.S. regulatory approval to offer event contracts, at a time when financial firms are increasingly exploring prediction markets as a bridge between traditional derivatives and retail-facing event betting. According to the company and recent coverage, Gemini Titan obtained a Designated Contract Market (DCM) license from the U.S. Commodity Futures Trading Commission after a multiyear application process, allowing it to list "event contracts" structured as simple yes/no questions on objectively verifiable outcomes. These contracts can cover topics including macroeconomic decisions (such as Federal Reserve rate moves), cryptocurrency prices, political outcomes, and potentially sports and weather events, with trading offered to U.S. customers in USD through the Gemini platform and its dedicated Predictions interface on web and mobile. Event contracts are treated as a form of regulated derivatives rather than traditional gambling, positioning them within federal commodities law rather than state-by-state betting regimes, a legal framework that has drawn interest from both retail traders and institutional players. Gemini’s entry underscores intensifying competition in the nascent U.S. prediction market segment, which to date has been dominated by Kalshi, and has been shaped by high-profile regulatory decisions involving election and event markets. By leveraging its existing crypto exchange infrastructure and user base, Gemini is attempting to expand beyond digital asset spot and derivatives trading into a broader class of regulated event-based products, potentially normalizing prediction markets for mainstream finance and testing how far U.S. regulators will allow financialized "bets" on real-world events to scale.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Gemini Crypto Exchange Launches Prediction Markets - DeFi Rate (defirate.com)
• Prediction Markets | Trade Real-World Events | Gemini (gemini.com)
• Prediction Markets | Trade Real-World Events - Gemini - Sign In (exchange.gemini.com)
• Gemini Predictions (support.gemini.com)

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