Gemini Wins CFTC Approval as Exchange Prepares Futures, Perps Expansion
Gemini gets a major regulatory thumbs-up from the Commodity Futures Trading Commission, setting the stage for it to really shake...
Quick overview
- Gemini has received regulatory approval from the CFTC, allowing it to operate a designated contract market through its affiliate, Gemini Titan.
- The approval enables Gemini to offer event-based contracts, including 'yes/no' markets related to elections and economic events, with access expected for US users soon.
- Gemini plans to expand its offerings to include crypto futures, options, and perpetual swaps, aiming to compete with offshore exchanges dominating the derivatives market.
- Following the news, Gemini's stock surged 13.7%, reflecting increased demand for prediction markets in the crypto space.
Gemini gets a major regulatory thumbs-up from the Commodity Futures Trading Commission, setting the stage for it to really shake up the US prediction-market space. The approval, which came in through its affiliate Gemini Titan, is the culmination of a five-year push to get this licensed – all the way back in 2020. It means Gemini can now officially operate a designated contract market. Gemini co-founder Tyler Winklevoss is crediting the breakthrough to what he calls a more pro-innovation attitude from the Trump administration, and some key support from CFTC Acting Chair Caroline Pham.
With this new green light, Gemini Titan can start offering up simple event-based contracts – including ‘yes/no’ markets tied to things like elections, economic releases, and other real-world stuff. US users should be able to get access to these on the Gemini website in the coming weeks, with mobile trading following suit.
🚨 NEW: @Gemini has received CFTC approval to operate a licensed prediction market in the U.S. pic.twitter.com/sghVSDXz59
— CoinDesk (@CoinDesk) December 10, 2025
Exchange is now looking at Futures, Options, and Perpetual Swaps
The prediction-market rollout is just the first phase in Gemini’s plans to expand beyond just this. The company is now looking at getting regulated access to all sorts of other things that have been out of reach for US traders, like:
- Crypto futures
- Crypto options
- Perpetual swaps, which are one of the highest volume products out there globally
Gemini is looking to take on all the exchanges that are based offshore – they’ve long dominated the derivatives market. And as a bonus, Gemini has also announced that it will support Ripple’s RLUSD stablecoin on the XRP ledger, which should make cross-network transfers easier as part of its push to build out its infrastructure.
GEMI stock jumps 13.7% after prediction-market demand surges
Gemini’s regulatory win sent the stock flying on Wall Street. Shares of GEMI shot up to $12.92 after hours, according to Yahoo Finance – a 13.7% jump. Still, the stock is down over 60% from its September debut, reflecting a rough first quarter as a public company.
🇺🇸 JUST IN: Gemini secures Designated Contract Market license from CFTC, allowing it to offer prediction markets to US customers. pic.twitter.com/xMmmwXKxWu
— Cointelegraph (@Cointelegraph) December 10, 2025
The demand for prediction markets has been rising steadily, though. Some other platforms like PolymarkUSnd Kalshi have been reporting record volumes in November, which is a big deal – it means more and more traders are looking to get in on this stuff.
Prediction markets are really starting to take off across the crypto space – we’re seeing it in:
- MetaMask has integrated Polymarket into its mobile wallet.
- Robinhood says it will launch a derivatives exchange focused on prediction markets.
- Trust Wallet has launched some prediction-market tools right in its app.
- Coinbase is getting ready to roll out a platform that uses Kalshi.
With its fresh regulatory approval and a whole lot of potential in this space, Gemini is setting itself up to be a major player in the US – at least in the next phase of event-driven and derivatives trading.
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