Gemini Moves Toward Prediction Markets in Bid to Broaden Its Business

Gemini is preparing to expand into prediction markets by filing for approval to operate 'Gemini Titan', a designated contract market for federally regulated event contracts. This move comes at a time when the prediction market sector has seen significant growth, achieving a trading volume of $2 billion per week in late October. The company aims to redefine its revenue stream amid financial struggles, including a reported net loss of $282 million in the first half of 2025. Gemini's shares have dropped nearly 50% since its IPO, highlighting the challenges it faces in maintaining user engagement, especially as 80% of its trading volume now stems from institutional clients. The firm aims to circumvent third-party partnerships by directly offering services under the new market. As part of its strategy, Gemini had previously warned the CFTC about regulatory challenges involving event contracts, which could impact the growth of prediction markets.

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