Gemini Secures Derivatives License, Enters Regulated Prediction Markets

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has been granted a derivatives clearinghouse license by the US Commodity Futures Trading Commission (CFTC), enabling the company to enter the regulated derivatives and prediction markets sectors. This approval allows Gemini to clear and settle trades internally, giving it greater control over its prediction market products. As a result, Gemini's shares rose by approximately 7%. The prediction markets sector has experienced significant growth, with trading volumes increasing by over 300% in 2025 to $63.5 billion. With this license, Gemini is well-positioned to compete with established players such as Kalshi and Polymarket, as well as newcomers like Hyperliquid. The company plans to offer a comprehensive trading ecosystem, including sports, crypto, futures, options, and event-based contracts, and has expressed its intention to expand into crypto futures, options, and perpetuals for US users. According to Cameron Winklevoss, this development marks a significant milestone in Gemini's marketplace expansion, bringing the company closer to its goal of creating a 'super app' for financial services.