Gemini Gets CFTC Approval to Launch Prediction Markets in US
Analysis
Price Impact
HighGemini's cftc approval for regulated prediction markets in the us, alongside plans for crypto futures, options, and perpetuals, signifies a major step towards mainstream adoption and increased regulated access for us investors. this will likely boost market legitimacy and liquidity across various cryptocurrencies.
Trustworthiness
HighThe news is based on an official regulatory approval from the commodity futures trading commission (cftc) to a major crypto exchange, gemini, reported by a reputable crypto news outlet, decrypt.
Price Direction
BullishThe expansion of regulated crypto derivatives products in the us through a recognized exchange like gemini creates more avenues for institutional and retail investment, potentially increasing demand and market liquidity. this regulatory clarity is generally perceived as bullish for the broader crypto market.
Time Effect
LongWhile initial sentiment may be positive, the full impact of increased regulated access, broader adoption of these financial products, and the resulting capital inflow will manifest over an extended period as the markets mature and more participants engage.
Original Article:
Article Content:
In brief Gemini Titan has secured a CFTC Designated Contract Market license, clearing the exchange to launch regulated prediction markets in the United States. Gemini's CEO, Tyler Winklevoss, credited the Trump administration for ending the war on crypto, following the CFTC approval. Alongside event contracts, Gemini says it plans to pursue U.S. listings for crypto futures, options, and perpetuals as part of a broader derivatives expansion. Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE Gemini is entering the prediction markets space. The Commodity Futures Trading Commission granted a Designated Contract Market license to Gemini Titan, an affiliate of the crypto exchange’s Gemini Space Station, Inc., enabling the exchange to offer event contracts to American customers. "Today's approval marks the culmination of a five-year licensing process and the beginning of a new chapter for Gemini," CEO Tyler Winklevoss said in a statement , crediting the Trump administration for "ending the Biden administration's war on crypto." Gemini is now set to compete with other prediction market giants Kalshi and Polymarket, with the latter receiving CFTC clearance last month to return to U.S. operations after being pushed offshore in 2022. The approval is part of a growing regulatory acceptance of prediction markets, which have seen a surge in popularity this year. Gemini customers will soon be able to trade event contracts through the exchange's web interface using existing USD balances, with mobile app functionality to follow. Sample markets could include questions like whether Bitcoin will end the year above $200,000 or whether specific regulatory outcomes will materialize, according to the statement. Beyond prediction markets, the company plans to expand into crypto futures, options, and perpetual contracts, which have gained significant traction in Asian markets but remain primarily unavailable to U.S. traders. “Prediction markets have the potential to be as big or bigger than traditional capital markets. Acting Chairman Pham understands this vision and its importance,” Cameron Winklevoss, Gemini’s President, said in the statement. The CFTC, under Acting Chairman Caroline Pham, has adopted a more permissive stance toward prediction markets compared to previous administrations. On Wednesday, Pham announced the first CEO Innovation Council, which includes Tyler Winklevoss , along with executives from Polymarket, Kalshi, Nasdaq, and CME Group. In Myriad Markets, 80% of users favor prediction markets as the crypto segment with the most upside potential . Gemini’s stock spiked about 13.7% in after-hours trading and is down 70% from its opening IPO price . Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Your Email Get it! Get it!