Gemini Titan Secures CFTC Approval to Launch Regulated U.S. Prediction Markets
Gemini Titan has received approval from the Commodity Futures Trading Commission (CFTC) to operate as a Designated Contract Market (DCM), enabling it to offer regulated prediction markets to U.S. customers. This approval follows a five-year licensing process that began with Gemini's initial application for a DCM license on March 10, 2020, marking a significant milestone for the company.
With this license, Gemini Titan becomes one of the few CFTC-regulated venues for event contracts in the U.S., joining platforms such as Kalshi. Some competitors like Polymarket remain offshore. The approved contracts will feature yes/no questions regarding future outcomes, including predictions like whether Bitcoin will end the year above $200,000 or if Elon Musk’s X will pay a $140 million fine to the European Commission by 2026.
U.S. customers will trade these contracts in USD through Gemini’s web interface, with a mobile app planned for future launch. Looking ahead, Gemini Titan intends to expand its derivatives offerings to include crypto futures, options, and perpetual contracts, contingent on development progress and regulatory approval.
Following the announcement, Gemini’s stock (ticker: GEMI) experienced a positive market reaction, rising approximately 13.7% in after-hours trading to $12.92.
