Gemini Titan Enters Prediction Markets With CFTC Approval
- Gemini gains CFTC approval to launch Titan, a prediction market offering event contracts.
- Titan will offer yes-or-no contracts on politics, crypto, tech, and major future events.
- Gemini plans future expansion into crypto futures, options, perpetuals, and new assets.
Gemini has won approval from the Commodity Futures Trading Commission to operate a new prediction market called Gemini Titan. The CFTC granted the exchange a Designated Contract Market license after a multiyear review process. The decision allows Gemini to enter a fast-growing sector driven by political and economic event wagering.
Gemini confirmed that Titan will offer yes-or-no event contracts tied to future outcomes. These contract types follow the same structure used by competitors like Kalshi and Polymarket. The company said Titan will start with straightforward questions before expanding into additional markets. Customers will trade these contracts using U.S. dollars on Gemini’s platform. The approval arrives during a surge of interest in prediction markets across the United States.
Long Licensing Path Ends
Gemini first filed for a DCM license in March 2020. The company did not reveal plans for a prediction market at that time. The process stretched across multiple regulatory administrations. Gemini executives described the final approval as a major turning point for the firm.
Tyler Winklevoss said the license ends a long wait for the exchange. He thanked the Trump administration for shifting federal policy toward digital assets. He also credited Acting CFTC Chair Caroline Pham for supporting innovation in the derivatives market. The company views her leadership as crucial to gaining approval.
The new platform will let users trade on questions tied to crypto, technology, politics, and other major events. Gemini plans to list a wide range of topics that attract strong public interest. Some examples include bitcoin milestones and regulatory outcomes. The company framed prediction markets as a tool for gathering real-time insight.
Cameron Winklevoss said prediction markets could rival traditional capital markets in scale. He argued that event contracts reward accurate forecasting. He also said they can help people understand future risks. His comments reflect growing industry confidence in the sector.
Titan will roll out on the web interface first. A mobile version will follow later. U.S. customers will gain access once the interface launches. Gemini expects steady demand as the platform expands.
Related: Prediction Markets Go Mainstream as CNBC Partners Kalshi
Future Expansion: Futures, Options, Perpetuals
Gemini said Titan may introduce additional derivatives in the future. These products include crypto futures, crypto options, and perpetual contracts. Perpetual contracts represent one of the most traded crypto derivatives worldwide. Gemini aims to bring these instruments to the U.S. market if regulators permit.
The company said it will explore new asset types that support higher trading volume. It plans to study demand from its existing user base. It also wants to strengthen its position against major exchanges offering derivatives overseas. These expansions could form part of a broader strategy to build a financial super app.
Industry growth has created more space for new competitors. Crypto.com already supports several branded prediction platforms. Coinbase is testing early infrastructure for a similar market in its wallet. Gemini now enters the field with full approval from the CFTC.
Gemini believes Titan will help broaden access to event-driven trading. The company expects interest from retail traders seeking new ways to engage with major news cycles.
