Gemini Space Station the cryptocurrency exchange co-founded by the Winklevoss twins, announced that its affiliate Gemini Titan, LLC has received a Designated Contract Market (DCM) license from the U.S. Commodity Futures Trading Commission (CFTC).

This approval, after a five-year application process, allows Gemini to launch regulated prediction markets for U.S. users, offering binary “yes or no” event contracts on future outcomes. Examples include whether Bitcoin will close the year above $200,000 or if Elon Musk’s X will pay a $140 million fine to the European Commission by 2026.

The move positions Gemini as a direct competitor to established players like Kalshi and Polymarket which received similar U.S. clearance last month in a sector poised for growth under the Trump administration’s more innovation-friendly regulatory stance.