Gemini Secures Derivatives License, Expands into Regulated Prediction Markets

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has received approval from the U.S. Commodity Futures Trading Commission (CFTC) for a derivatives clearing organization (DCO) license. This development enables the company to clear and settle trades internally, enhancing its control over prediction market products. As a result, Gemini's shares experienced a 7% surge following the announcement. The prediction market sector has witnessed significant growth, with trading volumes increasing by over 300% in 2025 to $63.5 billion. With this license, Gemini is poised to compete with established players such as Kalshi and Polymarket, while also expanding its offerings to include crypto futures, options, and perpetuals for U.S. users. The company aims to create a comprehensive trading ecosystem, spanning sports, crypto, futures, options, and event-based contracts. Cameron Winklevoss views this milestone as a crucial step towards establishing Gemini as a 'super app' for financial services, with a focus on the U.S. market.