Gemini exchange fully launches prediction markets in all 50 states in the US! Winklevoss brothers' betting dream finally comes true

Gemini secures CFTC DCM license, officially launching a compliant prediction market across the United States.
(Background recap: Gemini’s stock price falls below the issuance price, is the crypto IPO boom after Circle over?)
(Additional context: Seizing Facebook and Bitcoin: The billionaire success story of Gemini founders Winklevoss brothers)

The renowned entrepreneurs Winklevoss brothers endured a five-year endurance race, finally reaching the finish line in December 2025. Gemini’s subsidiary, Gemini Titan, received the designated contract market (DCM) license from the U.S. Commodity Futures Trading Commission (CFTC) on December 11, allowing it to offer regulated prediction market services to retail customers in all 50 states. Today, Taiwan time (16th), the previously gray area of “betting” was officially incorporated into the federal derivatives framework.

Gemini launches compliant prediction markets, unlocking all 50 states

As early as 2020, Gemini submitted an application to Washington. It wasn’t until the Trump administration restarted financial deregulation that this highly valuable “approval” was officially granted. A five-year regulatory deadlock was finally broken by the latest political shift.

On the product side, Gemini Predictions eliminates on-chain transfers and stablecoin barriers, allowing users to participate directly with USD balances in their accounts for binary contracts, such as “Will Bitcoin break $200,000 by the end of the year?” According to Gemini’s official announcement, the platform initially offers “limited-time fee-free” trading and guarantees full collateralization to reduce bad debt risk.

Similarly licensed competitors Kalshi and the on-chain leader Polymarket have become direct rivals, but Gemini’s existing user base of millions and abundant liquidity enable quick onboarding of crypto investors as prediction participants. Although data shows that smart money still prefers decentralized platforms, opening a compliant channel will inevitably attract larger institutional funds.

Industry observers believe that prediction markets are just the vanguard of Gemini’s financial expansion, with the DCM license also paving the way for the launch of Bitcoin futures, options, and perpetual contracts.

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