Posted on: November 5, 2025, 11:52h.
Last updated on: November 5, 2025, 12:01h.
- Gemini Space Station, the cryptocurrency platform founded by the Winklevoss twins, is reportedly exploring options in the burgeoning prediction markets sector.
- The firm recently became publicly traded and submitted an application for designated contract market (DCM) approval in May.
- A launch of its prediction markets could be on the horizon.
Gemini Space Station (NASDAQ: GEMI), the cryptocurrency exchange overseen by Tyler and Cameron Winklevoss, is said to be eyeing opportunities within the fast-evolving prediction markets arena, thus welcoming yet another crypto-focused entity into the field.
According to anonymous sources cited by Bloomberg, Gemini is on the verge of offering event contracts to its clients. The company, which went public in September, sought approval from the Commodities Futures Trading Commission (CFTC) in May to create its own trading platform categorized as a designated contract market (DCM). This classification is crucial for providing event contracts across the United States.
In May, the company registered an entity named “Gemini Titan” with the CFTC, which oversees derivatives exchanges in the United States, as part of its drive for DCM licensing.
The application remains in review, and approval may be postponed due to the ongoing federal government shutdown, as reported by Bloomberg. This shutdown also threatens Polymarket’s aims to relaunch by the end of this month in the US.
Prediction Markets Might Boost Underperforming Gemini Stock
Since its initial public offering (IPO) in mid-September, Gemini Space Station’s stock has depreciated by nearly 50%, but market analysts maintain a positive outlook, with six out of eleven ratings suggesting “buy,” and none indicating “sell.” The consensus price projection stands at $30.10, indicating significant growth potential from current prices.
On a related note, shares of Gemini Space Station rose by almost 5% on Wednesday following news of its potential entry into the prediction markets, hinting that investors are optimistic about this development, which surfaced shortly after aggregate prediction market volumes exceeded $2 billion in the last week of October.
Gemini’s interest in event contracts might stem from competitive insights. Competitor Crypto.com has already ventured into this space, and Coinbase Global (NASDAQ: COIN) is considering a similar approach. Robinhood Markets (NASDAQ: HOOD), known for its cryptocurrency trading among other services, significantly contributes to Kalshi’s trading volume.
If Gemini secures DCM approval, it would present investors with another publicly traded option in prediction markets at a time when the industry leaders, Kalshi and Polymarket, remain privately held.
Gemini’s Stock Would Benefit from Diversification
Data show that over 80% of the trading volume on Gemini’s platform comes from institutional investors. The introduction of prediction markets could attract both institutional and retail traders, the latter of which have demonstrated strong interest in event contracts, as evidenced by the rapid growth in volume on Kalshi, with about a third sourced from Robinhood clients.
Some analysts view prediction markets as a potential avenue for Gemini Space Station to diversify its revenue model, which currently relies heavily on the volatility of the cryptocurrency trading segment.