Gemini Secures CFTC Approval To Enter U.S. Prediction Markets

Gemini, led by the Winklevoss twins, has received formal approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate regulated prediction markets in the country.

This approval positions the well-known crypto exchange to compete directly in a rapidly growing sector. This comes as demand for prediction-based trading continues to rise.

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Gemini Gains Green Light for U.S. Derivatives and Prediction Markets

The authorization from the CFTC grants Gemini Titan the capability to offer designated contract markets in the United States. These markets let users make predictions on real-world events, such as elections or economic reports.

The approval comes after a five-year licensing process

that started in 2020, representing an important step forward for Gemini and its affiliate, Gemini Titan. In the coming weeks, Americans will be able to access Gemini’s prediction markets directly through the website, with mobile access scheduled to follow.

This launch represents the first phase of Gemini’s broader strategy to expand its derivatives offerings. Gemini’s latest approval reflects a pro-innovation stance from the CFTC under Acting Chair Caroline Pham. It creates a supportive environment for crypto firms aiming to develop new financial products.

Gemini Adds Ripple Support and Sees Stock Surge After CFTC Approval

Alongside the derivatives and prediction market announcement, Gemini announced support for Ripple’s RLUSD stablecoin on the XRP Ledger (XRPL). This integration aims to simplify cross-network transfers, providing users with smoother and more efficient trading options.

The company is exploring additional products, including crypto futures, options, and perpetual swaps. These products were previously unavailable to U.S. traders. Furthermore, the news of the CFTC approval had an immediate impact on public markets.

Shares of Gemini’s stock rose sharply, increasing 13.7% in after-hours trading to $12.92. The stock faced a challenging start since its September debut, dropping over 60%.

Rising Popularity of Prediction Markets

Demand for prediction markets has surged in 2024 and 2025, with platforms such as Polymarket and Kalshi posting record trading volumes in November.

Also, integration within the broader crypto ecosystem continues to expand. MetaMask recently integrated Polymarket into its mobile wallet. This allows users to trade on event outcomes without switching applications.

Other companies, including Robinhood and Trust Wallet, are also building prediction market platforms. At the same time, Coinbase appears to be preparing its own Kalshi-branded exchange.

With growing demand and an expanding range of derivatives, the exchange is positioning itself at the forefront of innovation in both the crypto and financial markets.

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