Published on: November 5, 2025, 11:52 a.m.
Last updated: November 5, 2025, 12:01 p.m.
- Gemini Space Station, the brothers’ cryptocurrency exchange, is reportedly looking to enter the prediction markets fray
- The company recently went public and applied for Designated Contract Market (DCM) status in May.
- Its launch on prediction markets could be imminent
Gemini Space Station (NASDAQ: GEMI), the digital currency exchange controlled by Cameron and Tyler Winklevoss, is reportedly eyeing the rapid growth of the prediction markets industry, attracting another crypto-centric player to the space.
Citing unidentified sources with knowledge of the subject, Bloomberg reported Tuesday evening that Gemini may soon offer event contracts to its clients. The company, which went public in September, in May sought approval from the Commodities Futures Trading Commission (CFTC) to launch its own derivatives trading platform, known as the Designated Contracts Market (DCM). This designation is essential to be able to offer event contracts in the United States.
In May, the company filed an entity known as “Gemini Titan” with the CFTC – the regulator overseeing US derivatives exchanges – as part of its quest for a DCM license.
This request is still pending and its approval may be delayed by the current US government shutdown, according to Bloomberg. The shutdown also poses a threat to Polymarket’s hopes of relaunching its U.S. business by the end of the month.
Prediction markets could revive faltering Gemini shares
Since its mid-September IPO, Gemini Space Station has lost nearly half its value, but the sell side is quite bullish on the name, with six of 11 ratings on the stock equating to “buy,” and none being a “sell.” The consensus price target is $30.10, implying significant upside from current levels.
Speaking of upside, shares of the Gemini space station rose nearly 5% Wednesday following news of a possible entry into the prediction markets, which could indicate that investors are constructive on the news, which came just days after overall prediction market volume topped $2 billion in the last week of October.
Gemini’s pursuit of event contracts may be the result of the company reading competitive tea leaves. Rival Crypto.com is already in the space and Coinbase Global (NASDAQ: COIN) is considering a similar move. Robinhood Markets (NASDAQ: HOOD), which offers cryptocurrency trading among other services, is a major contributor to Kalshi’s volume.
If Gemini gains DCM approval, it would give investors another set of publicly traded predictions to consider at a time when industry leaders Kalshi and Polymarket remain closely held.
Gemini Stock Could Use the Help
Data indicates that more than 80% of the volume on the Gemini exchange comes from institutional investors. The integration of prediction markets could prove attractive to both professional market participants and retail traders – the latter showing obvious enthusiasm for event-driven contracts, as highlighted by the growing volume on Kalshi, around a third of which is generated by Robinhood customers.
Some analysts view prediction markets as a way for the Gemini Space Station to diversify its revenue model, which relies heavily on the volatile cryptocurrency trading segment.
