Winklevoss-Backed Gemini Wins CFTC Approval to Offer U.S. Prediction Markets
Gemini Titan received CFTC approval to operate as a Designated Contract Market for regulated prediction markets in the U.S.Summary
Gemini Titan, an affiliate of the Winklevoss-backed Gemini exchange, has secured approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate as a Designated Contract Market (DCM). This approval concludes a five-year licensing process that began in March 2020 and allows Gemini Titan to offer regulated prediction markets to U.S. customers based on simple yes-or-no event contracts tied to future outcomes. CEO Tyler Winklevoss celebrated the approval, thanking former President Donald Trump and praising Acting CFTC Chair Caroline Pham. The new DCM license positions Gemini Titan as a regulated competitor to existing platforms like Kalshi. Gemini plans for customers to trade these contracts on its web interface using USD, with mobile access coming later, and intends to expand its derivatives offerings in the future.
(Source：CoinDesk)