Gemini Launches Predictions Market in 50 US States After CFTC Approval

Gemini has launched Gemini Predictions, a prediction market platform available in all 50 US states via its iOS app and website.
The platform allows users to bet on outcomes of events like election results and economic data releases with near-instant execution and transparency.
No trading fees will be charged during an initial promotional period to attract early user participation and liquidity.
The launch follows approval from the Commodity Futures Trading Commission, enabling Gemini's operation in US prediction markets.
This development is part of Gemini’s efforts to expand its product offerings amid a more favorable regulatory environment in Washington.
Gemini previously resolved legal issues with the SEC regarding its Gemini Earn program and began trading on Nasdaq in September.
There is speculation about Gemini introducing crypto futures, options, and perpetual contracts, though no formal timeline is set.
The prediction market sector is experiencing growth, with platforms like Kalshi and Polymarket reporting high trading volumes, reaching nearly $10 billion combined last month.
Other exchanges, including Coinbase and Binance, are exploring prediction market products.
Regulatory relief from the CFTC has supported this renewed momentum, following previous enforcement actions that limited US operations.