Gemini Seeks CFTC Approval to Launch Regulated Prediction Market

Summary

Gemini Space Station Inc. has filed with the U.S. CFTC to launch a federally regulated prediction‑market platform called Gemini Titan, aiming to run a designated contract market for event contracts and compete directly with rivals such as Kalshi and Polymarket, which saw about $2 billion in weekly volume in late October. The move is presented as a strategic pivot for the Winklevoss‑owned exchange, which has been hit by a sharp post‑IPO decline—its stock is down 49 % and it reported a $282 million loss in H1 2025, with revenue falling to $68.6 million. The author frames the launch as both an expansion into a fast‑growing market and a response to Gemini’s deteriorating financial health, noting the shift toward institutional trading.