BlockBeats News, December 16th, the cryptocurrency exchange Gemini announced that it has officially launched the prediction market product Gemini Predictions in all 50 states of the United States. The service is provided by its affiliate Gemini Titan and allows users to trade on the outcomes of real-world events, featuring near real-time execution and transparent settlement.
This launch follows closely after Gemini Titan obtained a designated contract market (DCM) license from the U.S. CFTC, qualifying 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 stake, earn rewards, trade tokenized stocks, and participate in the prediction market. This move also aligns with the industry’s trend towards becoming “all-in-one platforms,” with exchanges like Coinbase and PancakeSwap accelerating their efforts in launching prediction market-related products.
After facing years of regulatory uncertainty, the U.S. prediction market is gradually heating up. Previously restricted platforms such as Polymarket have recently resumed their U.S. operations, and institutions like Kalshi, Robinhood, and Crypto.com have also received regulatory signals indicating phased-in approval.
