Gemini Secures Derivatives License, Expands into Regulated Markets, and Sees Stock Surge

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 the company to clear and settle trades internally, granting it greater control over its prediction market products. As a result, Gemini's shares experienced a 7% increase. The prediction market sector has witnessed significant growth, with trading volumes rising by over 300% in 2025 to $63.5 billion. With this license, Gemini is poised to compete with established players like 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 part of Gemini's broader strategy to develop a 'super app' for financial services, with a focus on the U.S. market.