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Gemini Predictions Now Live, Another Prediction Marketplace Enters the Industry

The prediction market industry continues to grow as crypto-native financial platform Gemini has officially launched “Gemini Predictions” in the United States.

The company was launched through subsidiary Gemini Titan which last week received a Designated Contracts Market (DCM) license from the US Commodities Futures Trading Commission (CFTC).

“Gemini Predictions™ offers event contracts which are simple yes or no questions about future events. For example, “Will a bitcoin end up this year at a price above $200,000?” Yes or no. Or: “Will Elon Musk’s X end up paying the entire $140 million fine to the European Commission in 2026? Yes or no,” the company explains in its announcement.

The Prediction Market has launched, with customers now able to trade USD event contracts in their Gemini Exchange account on web, iOS and Android. The company says the move marks its latest step “in building our unique super app where customers can trade cryptocurrencies, stake, earn crypto credit card rewards, stablecoin rewards and much more.”

Prediction market sector continues to grow despite opposition from regulators

Only in the last couple of months have major brands decided to join the industry, including Fanatics sportsbook and FanDuel. In early December, Fanatics Markets launched, with a platform designed to allow people to discuss interesting moments in sports, finance and culture. The other major sports betting operator announced its new move last month, with FanDuel Predicts coming in December.

As more companies enter this sector that was previously known only as the Kalshi and Polymarket space, several state regulators still oppose the platforms.

Louisiana, for example, is the latest state to challenge prediction markets, as a recent press release from the Louisiana Gaming Control Board (LGCB) shows that it now considers sporting event contracts and “certain other event contracts” to be a violation of state gaming laws. The Washington State Gaming Commission issued a similar advisory a few days ago.

Featured Image: Credit to Gemini Blog

The article Gemini Predictions Now Live, Another Prediction Market Enters Industry appeared first on ReadWrite.

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