Gemini Secures CFTC Approval to Launch Prediction Market Platform in the US
The US Commodity Futures Trading Commission (CFTC) has granted Gemini a Designated Contract Market (DCM) license, enabling the company to launch Gemini Titan for US customers. This license allows Gemini Titan to offer simple yes-or-no event contracts within a prediction market framework.
Gemini Titan is part of Gemini's broader strategy to expand its derivatives offerings, aiming to incorporate crypto futures, options, and perpetual contracts. This approval comes five years after Gemini first applied for the DCM license in 2020.
Gemini President Cameron Winklevoss credited CFTC Chair Caroline D. Pham for her pro-business and pro-innovation stance, which he believes is facilitating US leadership in the prediction market space.
The announcement follows Gemini's recent completion of an IPO in September 2025, which raised $425 million. The US prediction market sector has recently seen significant growth, especially after a court dismissed a CFTC prohibition on election betting. Competitors like Kalshi and Polymarket have also experienced growth. Polymarket notably resumed operations in the US under CFTC clearance after paying a $1.4 million fine in 2022 for operating an unregistered derivatives exchange; prior to this, US users accessed Polymarket via VPNs.
This development marks a key moment for the US prediction market industry, combining regulatory approval with increasing market traction.
Last updated December 10, 2025.
