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U.S.-based crypto exchange Gemini announced on December 10 that its affiliate company, Gemini Titan, LLC, has officially received a Designated Contract Market (DCM) license from the U.S. Commodity Futures Trading Commission (CFTC). The approval enables Gemini to legally offer a fully regulated prediction market to customers across the United States.
We’ve just received a Designated Contract Market (DCM) license from the @CFTC which will allow Gemini to begin offering prediction markets to U.S. customers.
— Gemini (@Gemini) December 10, 2025
The licensing process began on March 10, 2020, meaning the approval took nearly five years to complete. Gemini co-founder Tyler Winklevoss described the milestone as “the culmination of a five-year licensing journey and the beginning of a new chapter for Gemini.”
A Regulated Prediction Market Offering Binary Event Contracts
With its newly acquired DCM license, Gemini will launch a prediction market built around binary event contracts—markets that can be answered with a clear “yes” or “no.”
Users will be able to trade on questions such as:
- “Will Bitcoin surpass USD 200,000 by year-end?”
These products function as speculative tools that leverage collective intelligence to forecast future outcomes. Gemini says additional cryptocurrencies, including Ethereum and potentially high-profile altcoins like Solana, may be added as prediction targets later on.
U.S. customers can participate using USD funds already held in their existing Gemini accounts. The company also plans to integrate prediction-market functionality into its mobile app.
President Cameron Winklevoss emphasized the long-term growth potential of the sector, stating that prediction markets could “rival or exceed the size of traditional capital markets.”
Regulatory Shift Under New Leadership Accelerates Approval
Gemini attributes the breakthrough to changing regulatory attitudes in the U.S. The company acknowledged the influence of the Trump administration and new leadership at the CFTC, crediting Acting Chair Caroline Pham with steering the agency toward a more innovation-friendly regulatory approach.
CFTC records confirm that Gemini Titan, LLC was designated as an official DCM as of December 10. Meanwhile, applications from competitors such as tZERO and ProphetX remain pending.
With this approval, Gemini gains a significant first-mover advantage in a space where many prediction markets have historically operated in legal gray areas. A CFTC-regulated platform could mark a major turning point toward the sector’s legitimacy, broader adoption, and integration with mainstream finance.
