Gemini Space Station has cleared a significant regulatory hurdle in the U.S., receiving approval from the Commodity Futures Trading Commission to operate as a designated contract market. This conclusion to a multi-year review allows the company to launch a regulated prediction market platform for Americans soon.

Gemini to Introduce ‘Titan’ Prediction Market

The license permits Gemini to offer event-based derivatives, enabling customers to wager on outcomes related to politics, economics, technology, and other real-world events. The new project, “Gemini Titan,” will initially launch on their website and later on their mobile app. US users can trade these offerings in dollars they already hold, as reported by Bloomberg.

The approval follows a long effort that began in 2020. Company leaders describe it as the culmination of years of preparation, marking a strategic shift towards a broader range of derivatives. Papers filed for its September IPO indicated plans for crypto futures, options, and perpetual swaps as part of its US growth.

Gemini’s leaders have cited the regulator’s recent position as a crucial factor. They credited Acting CFTC Chair Caroline Pham with advancing the application, with Cameron Winklevoss noting her openness to digital-asset innovations compared to previous administrations. Pham launched the agency’s first CEO Innovation Council alongside the announcement, featuring Tyler Winklevoss and executives from Polymarket, Kalshi, CME Group, and Nasdaq.

New Contract Lineup Indicates Gemini’s Move to Broader Derivatives

Gemini’s launch occurs at a competitive yet expanding market time. Prediction markets gained momentum after a federal court decision last year eased election-related contract restrictions. Throughout 2025, Kalshi and Polymarket have reached new trading volumes, with major financial companies expressing interest. Polymarket regained US market access after resolving past registration issues.

Gemini previewed contracts that involve cryptocurrency prices and regulatory decisions but has not confirmed if it will offer sports markets. Additional filings may be needed before specific contracts go live, but initial listings are nearly ready.

Investors responded to the news, with Gemini’s stock price rising in after-hours trading, continuing its recovery since the September IPO. With clear regulations, the company is poised to compete with major players in a field increasingly integral to US financial markets.

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