Gemini Launches Prediction Market Across All US States

Gemini has officially launched its prediction market product, Gemini Predictions, across all 50 US states, providing users with a platform to trade on real-world event outcomes.

This launch underscores Gemini’s regulatory progress and market expansion ambition, potentially revolutionizing prediction markets with near-instant trading and no fees, impacting the broader cryptocurrency ecosystem.

With the CFTC approving Gemini Titan’s DCM license, the exchange positions itself within the US prediction market landscape. Although no direct BTC or ETH trading is involved, the platform allows exposure to BTC via event contracts.

Bitcoin (BTC) recently priced at $86,348.92, holds a market cap of $1.72 trillion and a dominance of 58.68% per CoinMarketCap. Over the past 24 hours, BTC fell 3.90%, with a trading volume of $46.42 billion.

According to Coincu research, Gemini’s entry into prediction markets could stimulate further financial innovation within the US crypto space. Regulatory compliance remains a focus, ensuring potential technological advancements align with market requirements.

Gemini CEO Tyler Winklevoss celebrated the product’s launch, thanking regulatory support for moving the initiative forward.

Market Data and Insights

Did you know? The approval process for Gemini’s prediction market took over five years, marking a significant regulatory milestone for US crypto exchanges.

Bitcoin (BTC) recently priced at $86,348.92, holds a market cap of $1.72 trillion and a dominance of 58.68% per CoinMarketCap. Over the past 24 hours, BTC fell 3.90%, with a trading volume of $46.42 billion.

According to Coincu research, Gemini’s entry into prediction markets could stimulate further financial innovation within the US crypto space. Regulatory compliance remains a focus, ensuring potential technological advancements align with market requirements.