Gemini Secures Derivatives License, Enters Regulated Prediction Markets

The crypto exchange founded by Cameron and Tyler Winklevoss, Gemini, has received approval from the U.S. Commodity Futures Trading Commission (CFTC) for a derivatives clearinghouse license. This development allows Gemini to operate in the regulated derivatives and prediction markets space, a rapidly expanding sector within the crypto industry. With this license, Gemini can now clear and settle trades internally, giving it greater control over its prediction market products. Following the announcement, Gemini's shares experienced a surge of approximately 7%. The prediction markets sector has witnessed significant growth, with trading volumes increasing by over 300% in 2025 to $63.5 billion. Gemini's entry into this space is expected to increase competition for existing players such as Kalshi and Polymarket. The company's plans to expand into crypto futures, options, and perpetuals for U.S. users are also underway. The Winklevoss twins have expressed their intention to create a 'super app' for financial services, with this development being a major milestone in Gemini's marketplace expansion.