Gemini Secures Derivatives License, Enters 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 clearinghouse (DCO) license. This license enables Gemini to clear and settle trades internally, providing greater control over its prediction market products and scalability. Following the announcement, Gemini's shares experienced a 7% surge. The approval marks a significant milestone in Gemini's expansion into regulated derivatives and prediction markets, which have seen a 300% increase in trading volume to $63.5 billion in 2025. With this development, Gemini is poised to offer a comprehensive trading ecosystem, including sports, crypto, futures, options, and event-based contracts. The company also plans to introduce crypto futures, options, and perpetuals for U.S. users. This move is part of Gemini's broader strategy to create a 'super app' for financial services, with a focus on the U.S. market.