Gemini secured regulatory approval to expand its trading operations into U.S. derivatives and prediction markets.

The move allows the exchange to handle trade clearing internally and scale new products faster. The announcement also pushed Gemini shares up by about 7%.

Gemini received approval from the U.S. Commodity Futures Trading Commission for a derivatives clearinghouse license. This license allows the firm to clear and settle trades without external providers.

The approval strengthens Gemini’s control over its trading infrastructure and supports its expansion plans. The company aims to compete directly with established platforms like Kalshi and Polymarket.

Gemini stated that the license supports its strategy to build a full-service trading platform. The company plans to integrate event-based contracts, futures, and options within one system.

Cameron Winklevoss said, “Today marks a major milestone in Gemini’s marketplace expansion.” He added that the firm is working toward building a financial services “super app.”