Gemini is gearing up to launch prediction markets. A new Bloomberg report, citing anonymous sources, states the crypto exchange is planning to offer contracts that let users bet on real-world events.
The move follows Gemini’s application to the CFTC for derivatives exchange status, a necessary step for this new product line.
The exchange had previously hinted at this direction, stating its aim to launch contracts for “economic, financial, political and sports forecasts.”
Gemini is entering a white-hot market. Rivals Kalshi and Polymarket just saw record-breaking volumes, underscoring the massive demand Gemini now hopes to tap.
