Gemini Receives CFTC License for US Prediction Markets

TheNewsCryptoPublicado em 2025-12-11Última atualização em 2025-12-11

Resumo

Gemini, a cryptocurrency exchange, has received a license from the U.S. Commodity Futures Trading Commission (CFTC) for its affiliate, Gemini Titan, to operate a designated contract market. This approval, which concludes a regulatory process initiated in March 2020, allows Gemini to offer event-based prediction markets in the U.S., enabling users to speculate on outcomes in areas like sports and politics. Following the announcement, Gemini's share price surged nearly 14% in after-hours trading. The company views this as a key step in its strategy to build a comprehensive crypto super app and expand its derivatives offerings. Despite the sector's growth and investor confidence, evidenced by platforms like Kalshi securing significant funding, prediction markets face regulatory challenges from some states that view them as unauthorized gambling operations.

Gemini,‍‌‍‍‌‍‌‍‍‌ a cryptocurrency exchange, got the green light from the regulator to introduce prediction markets in the U.S. This is a notable development in the company’s business operations. The Gemini Titan, an affiliate of the company, was granted a license for a designated contract market by the Commodity Futures Trading Commission, which makes it possible for the company to provide the clients with the trading of event-based contracts. After the news was made public, the price of Gemini’s shares went up by almost 14% in the after-hours trading and reached $12.92 per share, while the market was not doing well ‍‌‍‍‌‍‌‍‍‌earlier.

Five-Year Journey Culminates in Market Entry

The‍‌‍‍‌‍‌‍‍‌ approval of the license marks the end of a detailed regulative procedure which, as per Gemini CEO Tyler Winklevoss, had started in March 2020. American users will be able to purchase event contracts via Gemini’s online platform, thus they will be able to speculate on various outcomes such as sports and political events. Besides that, the exchange is willing to expand its derivatives portfolio by adding crypto futures, options, and perpetual contracts for U.S. traders.

Gemini President Cameron Winklevoss was upbeat about the industry’s potential, indicating that prediction markets might become as large, or even larger, than traditional capital markets. The optimistic outlook of the sector comes as a result of platforms like Polymarket and Kalshi experiencing record-breaking trading volumes in November, thus indicating the increasing consumer interest in event-based wagering.

Kalshi recently secured a massive $1 billion funding round, thus reaching an $11 billion valuation and thereby demonstrating investor confidence in the prediction market sector. ‍‌‍‍‌‍‌‍‍‌

Regardless,‍‌‍‍‌‍‌‍‍‌ the sector encounters some problems related to regulations as several state authorities have escalated enforcement actions against CFTC-regulated platforms that are accused of running unauthorized sports betting operations. Those opposing the idea say that these platforms are just gambling services, and this raises questions regarding the protection of consumers and regulatory supervision of the new market segment.

The Gemini prediction markets proposal is to be seen as part the overall strategy of the company to build a comprehensive crypto super app with various financial products. The crypto company founded by billionaire twins Tyler and Cameron Winklevoss, the firm is a potential competitor to other crypto platforms which are gradually becoming more than just trading services. Recently, Trust Wallet unveiled its prediction markets feature, and Coinbase seems to be working on a similar platform in collaboration with ‍‌‍‍‌‍‌‍‍‌Kalshi.

Highlighted Crypto News Today:

Real Finance Secures $29M to Accelerate Global RWA Tokenization

Leituras Relacionadas

North Korean Hackers Loot $500 Million in a Single Month, Becoming the Top Threat to Crypto Security

North Korean hackers, particularly the notorious Lazarus Group and its subgroup TraderTraitor, have stolen over $500 million from cryptocurrency DeFi platforms in less than three weeks, bringing their total theft for the year to over $700 million. Recent major attacks on Drift Protocol and KelpDAO, resulting in losses of approximately $286 million and $290 million respectively, highlight a strategic shift: instead of targeting core smart contracts, attackers are now exploiting vulnerabilities in peripheral infrastructure. For instance, the KelpDAO attack involved compromising downstream RPC infrastructure used by LayerZero's decentralized validation network (DVN), allowing manipulation without breaching core cryptography. This sophisticated approach mirrors advanced corporate cyber-espionage. Additionally, North Korea has systematically infiltrated the global crypto workforce, with an estimated 100 operatives using fake identities to gain employment at blockchain companies, enabling long-term access to sensitive systems and facilitating large-scale thefts. According to Chainalysis, North Korean-linked hackers stole a record $2 billion in 2025, accounting for 60% of all global crypto theft that year. Their total historical crypto theft has reached $6.75 billion. Post-theft, they employ specialized money laundering methods, heavily relying on Chinese OTC brokers and cross-chain mixing services rather than standard decentralized exchanges. Security experts, while acknowledging the increased sophistication, emphasize that many attacks still exploit fundamental weaknesses like poor access controls and centralized operational risks. Strengthening private key management, limiting privileged access, and enhancing coordination among exchanges, analysts, and law enforcement immediately after an attack are critical to improving defense and fund recovery chances. The industry's challenge now extends beyond secure smart contracts to safeguarding operational security at the infrastructure level.

marsbitHá 14m

North Korean Hackers Loot $500 Million in a Single Month, Becoming the Top Threat to Crypto Security

marsbitHá 14m

Circle CEO's Seoul Visit: No Korean Won Stablecoin Issuance, But Met All Major Korean Banks

Circle CEO Jeremy Allaire's recent activities in Seoul indicate a strategic shift for the company, moving away from issuing a Korean won-backed stablecoin and instead focusing on embedding itself as a key infrastructure provider within Korea’s financial and crypto ecosystem. Despite Korea accounting for nearly 30% of global crypto trading volume—with a market characterized by high retail participation and altcoin dominance—Circle has chosen not to compete for the role of stablecoin issuer. Instead, Allaire met with major Korean banks (including Shinhan, KB, and Woori), financial groups, leading exchanges (Upbit, Bithumb, Coinone), and tech firms like Kakao. This approach reflects a broader industry transition: the core of stablecoin competition is shifting from issuance rights to systemic positioning. With Korean regulators still debating whether banks or tech companies should issue stablecoins, Circle is avoiding regulatory uncertainty by strengthening its role as a service and technology partner. The company is deepening integration with trading platforms, building connections, and promoting stablecoin infrastructure. This positions Circle to benefit regardless of which entity eventually issues a won stablecoin. Allaire also noted the potential for a Chinese yuan stablecoin in the next 3–5 years, underscoring a regional trend of stablecoins becoming more regulated and integrated with traditional finance. Ultimately, Circle’s strategy highlights that future influence in the stablecoin market will belong not necessarily to the issuers, but to the foundational infrastructure layers that enable cross-system transactions.

marsbitHá 42m

Circle CEO's Seoul Visit: No Korean Won Stablecoin Issuance, But Met All Major Korean Banks

marsbitHá 42m

SpaceX Ties Up with Cursor: A High-Stakes AI Gambit of 'Lock First, Acquire Later'

SpaceX has secured an option to acquire AI programming company Cursor for $60 billion, with an alternative clause requiring a $10 billion collaboration fee if the acquisition does not proceed. This structure is not merely a potential acquisition but a strategic move to control core access points in the AI era. The deal is designed as a flexible, dual-path arrangement, allowing SpaceX to either fully acquire Cursor or maintain a binding partnership through high-cost collaboration. This "option-style" approach minimizes immediate regulatory and integration risks while ensuring long-term alignment between the two companies. At its core, the transaction exchanges critical AI-era resources: SpaceX provides its Colossus supercomputing cluster—one of the world’s most powerful AI training infrastructures—while Cursor contributes its AI-native developer environment and strong product adoption. This synergy connects compute power, models, and application layers, forming a closed-loop AI capability stack. Cursor, founded in 2022, has achieved rapid growth with over $1 billion in annual revenue and widespread enterprise adoption. Its value lies in transforming software development through AI agents capable of coding, debugging, and system design—positioning it as a gateway to future software production. For SpaceX, this move is part of a broader strategy to evolve from a aerospace company into an AI infrastructure empire, integrating xAI, supercomputing, and chip manufacturing. Controlling Cursor fills a gap in its developer tooling layer, strengthening its AI narrative ahead of a potential IPO. The deal reflects a shift in AI competition from model superiority to ecosystem and entry-point control. With programming tools as a key battleground, securing developer loyalty becomes crucial for dominating the software production landscape. Risks include questions around Cursor’s valuation, technical integration challenges, and potential regulatory scrutiny. Nevertheless, the deal underscores a strategic bet: controlling both compute and software development access may redefine power dynamics in the AI-driven future.

marsbitHá 1h

SpaceX Ties Up with Cursor: A High-Stakes AI Gambit of 'Lock First, Acquire Later'

marsbitHá 1h

Ripple’s Tokenization Bet: Will XRP Price Explode As It Enters This Trillion-Dollar Industry?

Institutional capital is quietly moving onto the XRP Ledger (XRPL), with over $333 million in tokenized US Treasury products now live from firms like BlackRock-backed Ondo Finance, OpenEden, Guggenheim, and abrdn. This marks a significant shift for XRPL, traditionally known for payments, into the tokenized real-world asset sector. While still a tiny fraction of the $30+ trillion Treasury market, XRPL's tokenized assets grew 2,200% in 2025. Experts project the global tokenization market could reach $200 trillion. If XRPL captures a notable share as this market scales, it could have significant implications for the price of XRP.

bitcoinistHá 2h

Ripple’s Tokenization Bet: Will XRP Price Explode As It Enters This Trillion-Dollar Industry?

bitcoinistHá 2h

Bitcoin Could Strengthen US National Security, Top Military Commander Says

US lawmakers advocate for domestic Bitcoin mining equipment production, citing national security risks from foreign hardware dependence. Admiral Samuel Paparo, commander of US Indo-Pacific Command, testified to the Senate Armed Services Committee that Bitcoin is a tool for "power projection" and cybersecurity. He emphasized Bitcoin's proof-of-work system as a costly deterrent against network attacks, aligning it with US national power instruments. This echoes earlier military perspectives, like US Space Force's Jason Lowery, who argued Bitcoin's utility beyond finance. The hearing also addressed cyber threats, including North Korea's crypto theft for weapons funding. While the US leads in Bitcoin holdings and mining, reliance on overseas-manufactured mining hardware remains a vulnerability.

bitcoinistHá 4h

Bitcoin Could Strengthen US National Security, Top Military Commander Says

bitcoinistHá 4h

Trading

Spot

Futuros

Artigos em Destaque

Como comprar US

Bem-vindo à HTX.com!Tornámos a compra de Talus Network (US) simples e conveniente.Segue o nosso guia passo a passo para iniciar a tua jornada no mundo das criptos.Passo 1: cria a tua conta HTXUtiliza o teu e-mail ou número de telefone para te inscreveres numa conta gratuita na HTX.Desfruta de um processo de inscrição sem complicações e desbloqueia todas as funcionalidades.Obter a minha contaPasso 2: vai para Comprar Cripto e escolhe o teu método de pagamentoCartão de crédito/débito: usa o teu visa ou mastercard para comprar Talus Network (US) instantaneamente.Saldo: usa os fundos da tua conta HTX para transacionar sem problemas.Terceiros: adicionamos métodos de pagamento populares, como Google Pay e Apple Pay, para aumentar a conveniência.P2P: transaciona diretamente com outros utilizadores na HTX.Mercado de balcão (OTC): oferecemos serviços personalizados e taxas de câmbio competitivas para os traders.Passo 3: armazena teu Talus Network (US)Depois de comprar o teu Talus Network (US), armazena-o na tua conta HTX.Alternativamente, podes enviá-lo para outro lugar através de transferência blockchain ou usá-lo para transacionar outras criptomoedas.Passo 4: transaciona Talus Network (US)Transaciona facilmente Talus Network (US) no mercado à vista da HTX.Acede simplesmente à tua conta, seleciona o teu par de trading, executa as tuas transações e monitoriza em tempo real.Oferecemos uma experiência de fácil utilização tanto para principiantes como para traders experientes.

366 Visualizações TotaisPublicado em {updateTime}Atualizado em 2025.12.11

Discussões

Bem-vindo à Comunidade HTX. Aqui, pode manter-se informado sobre os mais recentes desenvolvimentos da plataforma e obter acesso a análises profissionais de mercado. As opiniões dos utilizadores sobre o preço de US (US) são apresentadas abaixo.