Gemini just scored a major win in the U.S.
The exchange has received approval to launch regulated prediction markets — and GEMI stock jumped right after the news broke.
What happened
Gemini announced on Dec. 10 that its affiliate, Gemini Titan LLC, has finally been granted a Designated Contract Market (DCM) license by the Commodity Futures Trading Commission.
This approval came after a long five-year review.
With this license, Gemini can now offer U.S. customers regulated prediction markets, letting people trade simple yes-or-no contracts on future events. Trading will start on the website first, with mobile access coming later.
Gemini enters a growing prediction-market space
These markets let users bet on whether something will happen — like if a price will hit a certain level, or whether a political or corporate event will occur.
Tyler Winklevoss called the approval the end of a long journey and a sign that regulators in Washington are becoming more open to innovation.
Cameron Winklevoss added that the CFTC’s leadership is finally giving U.S. firms a chance to compete with platforms overseas.
With this license, Gemini will now compete with major players like Kalshi, the current leader in regulated U.S. prediction markets.
Analysts estimate the global prediction-market industry is now over $3.5 billion in annual activity, driven by markets tied to elections, economic announcements, sports outcomes, and crypto-related events.
What’s next for Gemini
Gemini isn’t stopping with prediction markets.
The company says Gemini Titan is already exploring regulated crypto derivatives for U.S. customers — including futures, options, and even perpetual swaps.
Perpetuals aren’t allowed in the U.S. yet, but they are the most popular crypto trading product worldwide. If approved later, they could bring much deeper liquidity and safer alternatives to offshore platforms.
GEMI stock reacts to the approval
Right after the announcement, shares of Gemini Space Station Inc. (NASDAQ: GEMI) jumped 13.7% in after-hours trading to about $12.92.
Even though the stock is still down more than 60% this year, the move shows investors are relieved to see real regulatory progress.
This approval also follows other steps Gemini has taken, like expanding its RLUSD stablecoin to the XRP Ledger. Many see the new DCM license as another sign that crypto companies are finally regaining momentum after years of uncertainty.
When does trading start?
Gemini says its prediction markets will go live “soon.”
More details on future derivatives products are still being reviewed — but the door is now officially open.
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