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Gemini Sets Sights on US Prediction Markets with CFTC Filing
Last Updated: November 05, 2025
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Key Takeaways
- Gemini has applied to the CFTC to launch a regulated US prediction market under a new entity called "Gemini Titan";
- The exchange plans to offer products tied to this market independently, without third-party partnerships;
- Gemini warned that CFTC's proposed rules on event contracts could limit legal prediction markets.
In May, Gemini Space Station Inc. applied to the US Commodity Futures Trading Commission (CFTC) for approval to run a derivatives exchange.
The application included registering a business unit named "Gemini Titan" to operate as a designated contract market, a type of regulated trading venue. Thirteen documents related to the application are available on the CFTC’s website.
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According to a Bloomberg report, Gemini has been planning to introduce products tied to this registration soon. The exchange is expected to manage these offerings directly, rather than relying on third-party services.
In August 2024, Gemini submitted comments to the CFTC on a proposed rule regarding event-based contracts. The company stated that the rule overstepped the regulator’s authority and warned that banning all "event contracts involving gaming" could prevent legitimate prediction markets from growing.
To list such contracts legally, Gemini would likely need to run them through a CFTC-regulated designated contract market. These markets must meet 23 regulatory standards.
The rules cover a range of responsibilities, including monitoring trading activity, ensuring financial health, setting internal controls, and protecting system integrity.
Recently, DraftKings announced plans to launch "DraftKings Predictions", built on Polymarket. What is it? Read the full story.
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