Gemini Partners with Apex Crypto for Exclusive Prediction Market Deal

Gemini has deepened its involvement in prediction markets by signing an exclusive deal with Apex Crypto. The agreement will make Gemini the sole regulated venue for crypto event contracts distributed through Apex's futures commission merchant.

The proposed arrangement would see brokerages offering crypto event contracts through Apex route execution and clearing to Gemini Titan. This exclusivity, however, only applies to crypto contracts, leaving Apex free to work with Gemini on sports, economics, and financial-market contracts on a non-exclusive basis.

This partnership builds on an existing relationship between the two companies. In July, Gemini began commission-free stock trading for some U.S. clients through Apex Clearing Corporation, a wholly owned Apex subsidiary. The deal also leverages Gemini's in-house derivatives stack, which it built instead of routing through an existing exchange.

Gemini CEO Tyler Winklevoss stated that the company believes predictions are the future of markets and that this strategy allows them to expand their offering while opening access to valued partners like Apex as demand for event contracts grows.