Gemini Partners With Apex to Offer Exclusive Regulated Crypto Event Contracts

Gemini has expanded its reach into prediction markets by signing a non-binding letter of intent with Apex Fintech Solutions. The agreement makes Gemini the exclusive regulated venue for crypto event contracts distributed through Apex's futures commission merchant.

Under the proposed arrangement, brokerages offering crypto event contracts through Apex would route execution and clearing to Gemini Titan. However, Apex has flexibility to work with Gemini on 'sports, economics and financial-market contracts on a non-exclusive basis.'

Gemini CEO Tyler Winklevoss stated, 'We believe that predictions are the future of markets, and this strategy allows us to expand our offering and open access to valued partners like Apex as demand for event contracts grows.'

The deal builds on an existing relationship between the two companies. In July, Gemini began commission-free stock trading for some U.S. clients with Apex Clearing Corporation, a wholly owned Apex subsidiary.