Overview
- Gemini, which won a CFTC derivatives clearinghouse license Thursday, said it will clear trades in-house for its prediction market and plans to add crypto futures, options, and perpetuals.
- The approval lets Gemini’s Olympus affiliate handle settlement, collateral, and risk management, removing reliance on outside clearing firms.
- Shares of Gemini (GEMI) rose in early trading after the announcement as investors priced in new revenue lines beyond spot crypto trading.
- The move builds on Gemini Titan’s December 2025 designation as a CFTC-regulated exchange, which enabled the company’s prediction marketplace.
- Only 22 U.S. firms hold a DCO, placing Gemini in a small group that can compete more directly with Kalshi and Polymarket as prediction markets scale.