Gemini Secures CFTC Approval for Prediction Market as It Prepares Wider Derivatives Push

• Gemini secures CFTC approval to launch regulated U.S. prediction markets through Gemini Titan.
• Exchange plans broader derivatives expansion, including futures, options, and perpetual swaps.
• Gemini adds Ripple’s RLUSD stablecoin on XRP Ledger to support cross-network transfers.

Gemini has received formal clearance from the Commodity Futures Trading Commission (CFTC) to operate a regulated prediction market in the United States, marking a major expansion of the exchange’s footprint in the derivatives space.

The authorization concludes a multi-year licensing effort and positions the company to introduce event-based contracts to U.S. users at a time when interest in prediction markets continues to broaden across the digital-asset sector. The approval also coincides with Gemini’s plans to pursue additional futures and perpetual products, outlining a wider shift toward regulated derivatives infrastructure.

CFTC Authorization Ends Multi-Year Licensing Process

According to the announcement, Gemini secured approval through its affiliate, Gemini Titan, which is now designated to operate a contract market overseen by the CFTC. The decision concludes a licensing process that began in 2020, allowing the platform to list simple event-based contracts tied to real-world outcomes.

The contracts will take the form of binary “yes” or “no” markets tied to political events, economic releases, or other measurable occurrences. Gemini stated that U.S. customers will gain access to these markets directly on its web platform in the coming weeks, with mobile functionality to follow.

Company co-founder Tyler Winklevoss attributed the approval to what he described as a supportive regulatory posture under the current administration and the CFTC’s Acting Chair, Caroline Pham. He said Pham has emphasized an innovation-focused approach, contrasting it with the stance of previous leadership.

Exchange Prepares Expansion Into Futures, Options, and Perpetual Swaps

With the initial authorization secured, Gemini indicated that the prediction market launch represents only the first stage of its derivatives roadmap. The company is assessing the introduction of products U.S. traders have historically been unable to access on the platform, including crypto futures, options, and perpetual swaps. The exchange did not provide specific timelines but characterized the exploration as part of a broader effort to expand regulated derivatives offerings.

Alongside the derivatives update, Gemini announced that it has incorporated Ripple’s RLUSD stablecoin on the XRP Ledger. The integration aims to facilitate cross-network transfers and broaden settlement options available to users. The approval of Gemini Titan and the accompanying product developments signal a notable expansion of regulated activity for the exchange as it prepares to introduce new market structures in the United States.