Gemini Launches Prediction Market Business Gemini Predictions in All 50 U.S. States

BlockBeats News, December 16th, Cryptocurrency exchange Gemini announced that it has officially launched the Gemini Predictions product in all 50 states of the United States. This service is provided by its affiliate Gemini Titan, allowing users to trade on the outcome of real-world events with features such as near-instantaneous execution and transparent settlement.

This launch follows closely after Gemini Titan received a designated contract market (DCM) license from the US CFTC, enabling it to legally offer prediction market products in the United States.

Gemini stated that the introduction of the prediction market is the latest development in its creation of a "one-stop super app." In addition to crypto trading, users can also stake, earn rewards, trade tokenized stocks, and participate in prediction markets. This move also aligns with the industry's trend towards becoming a "one-stop platform," with exchanges such as Coinbase and PancakeSwap accelerating their efforts to roll out prediction market-related products.

After years of regulatory uncertainty, the US prediction market is gradually warming up. Previously restricted platforms like Polymarket have recently resumed their US operations, while institutions such as Kalshi, Robinhood, and Crypto.com have also received regulatory signals of phased-in acceptance.