Gemini received CFTC approval to operate a Designated Contract Market. This allows the firm to offer binary event contracts and potential crypto derivatives.
Gemini has secured key approval from the Commodity Futures Trading Commission (CFTC). This approval grants the firm a Designated Contract Market (DCM) license. This is the official way for its Gemini Titan platform to provide binary event contracts. This places Gemini in a favorable position to increase its services greatly in the U.S.
Gemini Gains DCM License After Five-Year Approval Journey
Gemini first filed for the DCM license on March 10, 2020. The approval comes as U.S. prediction markets have also grown rapidly. Platforms such as Kalshi and Polymarket have seen their highest volume in the last few months.
BREAKING pic.twitter.com/s4q7QJFu5v
— Gemini (@Gemini) December 10, 2025
Tyler Winklevoss, the CEO of Gemini marked the regulatory breakthrough. “Today’s approval is the culmination of a 5-year licensing process,” he said. He said it is also an indication of a new chapter in the history of Gemini.
He explicitly thanked President Trump for ending the previous administration’s position. He also attributed Acting Chairman Pham’s success to her hard work. This effort was toward the achievement of President Trump’s vision. This vision is to make America the crypto capital of the world.
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“It’s so incredibly refreshing and invigorating to have a President and financial regulator who are pro crypto,” Tyler Winklevoss stated. These, he added, are also pro-innovation and pro-America. This indicates a new era of regulatory cooperation.
While the critics often liken prediction markets to gambling, the proponents aren’t in agreement. Proponents consider the asset class as an accurate measure of market expectations. This is in comparison to traditional methods of forecasting. The approval is a huge boost for Gemini. The company suffered from a rough beginning as a public company since its New York debut in September.
Tyler Winklevoss doubled down on the importance of the moment. He said the firm applied for the license almost 5 years ago. This approval is important for provision of necessary legal certitude for their new venture.
Titan Platform to Offer Derivatives and Event Contracts
Gemini customers in the US will soon be able to trade in prediction markets. This will take place on the web interface initially. Trading event contracts via the mobile app will be available in the future.
Gemini plans to have the ability for U.S. customers to trade event contracts on their platform. Users will be able to bet on the results of events. These topics will be anything from sports to geopolitics. The company also plans to grow the number of U.S. derivatives it offers. This could include crypto futures, crypto options, and perpetual contracts.
In addition, this new offering is a key component of Gemini’s strategy. They are looking to create an end-to-end “one-stop financial super app.” This will make a complete set of services available for customers.
Cameron Winklevoss, President of Gemini, said on the potential of the market. He suggested that prediction markets could be of the same magnitude as capital markets. Furthermore, they may get even more massive.
Despite this, the company reported very positive Q3 2025 revenue growth. This was a 52% rise quarter-by-quarter. High expenses resulted in negative earnings per share. Therefore, the DCM license has given a new and powerful revenue stream. This will elevate the financial journey of the firm.