Gemini Secures Derivatives License, Expands into Regulated 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 clearinghouse license. This development enables Gemini to clear and settle trades internally, giving the company greater control over its prediction market products. As a result, Gemini's shares experienced a surge of approximately 7%. The approval marks a significant milestone in Gemini's expansion into regulated derivatives and prediction markets, which have seen a substantial increase in trading volume, exceeding $63.5 billion in 2025. With this license, Gemini is well-positioned to compete with established players such as Kalshi and Polymarket, while also exploring opportunities in crypto futures, options, and perpetuals for U.S. users. The company's founders envision a 'super app' for financial services, with a focus on the U.S. market, which they believe has the potential to drive significant growth in the prediction markets sector.