Gemini plans to distribute crypto prediction markets through Apex brokerages
Gemini and Apex Fintech Solutions signed a non-binding letter of intent that would make Gemini Titan the exclusive regulated venue for crypto event contracts offered by brokerages through Apex’s Futures Commission Merchant setup. If completed, participating brokerages would route execution and clearing through Gemini, giving Gemini a broader distribution channel for its prediction-market business. Apex provides trading and clearing infrastructure to many financial firms and millions of investors, while Gemini has been expanding its regulated prediction-market operations after getting CFTC approval to run a designated contract market and clear derivatives in-house. The two firms already cooperate on stock trading, with Apex handling custody and clearing for Gemini’s zero-commission U.S. equities offering. The proposal comes as prediction markets face increasing state-level legal scrutiny in the U.S.
