Published on: December 10, 2025, at 04:24h.
Updated on: December 10, 2025, at 04:24h.
- Gemini Space Station, led by the Winklevoss twins, receives CFTC approval for prediction markets
- The company revealed its event contracts initiative last month
- This approval adds another cryptocurrency-focused entity to the expanding industry
Gemini Space Station (NASDAQ: GEMI), the cryptocurrency exchange owned by Cameron and Tyler Winklevoss, announced today that its Gemini Titan division has secured a Designated Contract Market (DCM) license from the Commodity Futures Trading Commission (CFTC). This development enables the firm to venture into the burgeoning prediction markets sector.
It has been over five and a half years since Gemini initially sought DCM licensing—an essential accreditation necessary for offering event contracts within the United States.
“Gemini Titan intends to engage in prediction markets by providing straightforward yes or no event contracts about future occurrences,” the company stated. For instance, ‘Will one bitcoin surpass $200k by the end of this year?’ Yes or no. Or, ‘Will Elon Musk’s X fulfill the entire $140 million fine imposed by the European Commission in 2026?’ Yes or no.”
This model is similar to the event contracts available on competitor platforms like Crypto.com, Kalshi, and Polymarket. While Gemini has not specified an exact launch date or timeline, it did indicate that the rollout will happen “soon.”
Gemini’s Absence of Sports Prediction Markets
Strategically, Gemini has not discussed any plans related to sports derivatives in its prediction market strategy.
“In the future, Gemini Titan aims to broaden its derivatives offerings for US customers to include crypto futures, options, and perpetual contracts, known as perps,” the statement said. “Perps are the most commonly traded derivatives in the cryptocurrency sector and have gained significant traction in Asia and various non-US markets over the past decade. Gemini Titan is keen to explore the introduction of these innovative and highly-liquid contracts to the American market.”
Other potential participants in the prediction market sector, such as Cboe Global Markets (BATS: CBOE), have presented plans without focusing on sports. This could be a savvy decision since while sports derivatives make up substantial market shares on platforms like Crypto.com, Kalshi, and Robinhood, they also face legal scrutiny.
For companies like Gemini that have a significant retail investor base, avoiding sports event contracts may be wise as it might minimize criticism that they are “gamifying” investing and exposing inexperienced investors to unnecessary risks.
Growing Fusion of Cryptocurrency and Prediction Markets
Gemini’s foray into prediction markets strengthens the already integrating landscape of cryptocurrencies and event contracts, a sector pioneered by platforms like Crypto.com and Polymarket. The former stands as a direct competitor to Gemini, while the latter is speculated to be considering launching its own digital currency.
The Winklevoss twins are known advocates for cryptocurrency and reportedly possess 70,000 Bitcoin, which they acquired following their settlement with Facebook.
“We appreciate President Trump for terminating the Biden Administration’s stance on crypto and Acting Chairman Pham for her dedication to realize President Trump’s vision of making America the global hub for cryptocurrency,” stated CEO Tyler Winklevoss in the press release. “It is incredibly encouraging and refreshing to collaborate with a President and a financial regulator who support crypto, innovation, and the United States.”