Gemini Secures Derivatives License, Boosting Its Presence in 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 license. This license enables Gemini to clear and settle trades internally, giving it greater control over its prediction market products. As a result, Gemini's shares experienced a 7% surge following the announcement. The prediction market sector has witnessed rapid growth, with trading volumes increasing by over 300% in 2025 to $63.5 billion. Gemini's expansion into this sector is expected to increase competition for established players such as Kalshi and Polymarket. The company has also announced plans to launch a range of trading products, including crypto futures, options, and perpetuals for U.S. users. With its newly acquired licenses, Gemini is well-positioned to offer a comprehensive trading ecosystem, spanning sports, crypto, futures, options, and event-based contracts. According to Cameron Winklevoss, this development marks a significant milestone in Gemini's efforts to create a 'super app' for financial services.