Gemini launches its prediction market service, Gemini Predictions, in all 50 states across the US.

According to Mars Finance, on December 16th, cryptocurrency exchange Gemini announced the official launch of its prediction market product, Gemini Predictions, in all 50 US states. Provided by its affiliate Gemini Titan, the service allows users to trade on the outcomes of real-world events, featuring near-instant execution and transparent settlement. This launch follows Gemini Titan obtaining a Designated Contract Market (DCM) license from the US CFTC, qualifying it to legally offer prediction market products in the US. Gemini stated that the launch of the prediction market is the latest development in its efforts to create a "one-stop super app," allowing users to stake, earn rewards, trade tokenized stocks, and participate in prediction markets, in addition to crypto trading. This move also echoes the industry trend towards "all-in-one platforms," with exchanges like Coinbase and PancakeSwap recently accelerating their development of prediction market-related products. After years of regulatory uncertainty, the US prediction market is gradually recovering. Previously restricted platforms such as Polymarket have recently restarted their US operations, while Kalshi, Robinhood, Crypto.com, and other institutions have also received temporary regulatory respite.