Gemini Launches Regulated Prediction Markets In 50 US States
Gemini, the crypto exchange founded by the Winklevoss twins, has launched Gemini Predictions, an in-house prediction market platform, across all 50 US states after obtaining a Commodity Futures Trading Commission (CFTC) designated contract market license. The platform, provided via Gemini Titan, allows users to trade on real-world event outcomes with near-instant execution and transparency. This launch is part of Gemini’s effort to develop a “super app” that combines crypto trading, staking, tokenized stocks, and prediction markets, mirroring a broader industry trend toward multifunctional platforms. Other exchanges and wallet providers, including Coinbase, MetaMask, Trust Wallet, and PancakeSwap, are similarly expanding their offerings into prediction markets. The US has seen increased regulatory acceptance, with firms like Polymarket resuming operations and companies such as Kalshi, Robinhood, and Crypto.com receiving a temporary pause in enforcement actions. This shift signals a more favorable environment for regulated prediction markets in the US.
