Gemini has secured long-awaited approval from the U.S. Commodity Futures Trading Commission, allowing its subsidiary Gemini Titan to operate a designated contract market.
This ends a five-year licensing process that began in 2020 and opens the door for Gemini to compete directly in the booming on-chain prediction market space.
The approval enables the company to offer event-based binary contracts, including simple “yes or no” bets tied to politics, economic indicators, and other real-world outcomes. Web access for U.S. users will roll out within weeks, with mobile features following shortly.
Tyler Winklevoss credited the development to a supportive regulatory climate under the Trump administration and CFTC Acting Chair Caroline Pham.
Beyond prediction markets, Gemini is exploring additional regulated derivatives such as crypto futures, options, and perpetual swaps — products long restricted for U.S. traders.
The exchange also added support for Ripple’s RLUSD stablecoin on the XRP Ledger to streamline cross-network transfers. The approval marks a major step in Gemini’s strategy to strengthen its derivatives presence in the United States.
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