Gemini Teams Up with Apex for Prediction Market Expansion

Gemini, a popular cryptocurrency exchange, has signed a non-binding letter of intent with Apex Fintech Solutions to distribute its prediction markets through brokerages affiliated with Apex. Under this proposed arrangement, participating brokerages would use Gemini for execution and clearing, giving Gemini a new channel to expand its regulated prediction-market business.

Gemini received approval from the US Commodity Futures Trading Commission in December 2025 to operate as a designated contract market and clear derivatives in-house in April. The company has already been building out its regulated prediction-market business. Apex provides trading and clearing infrastructure to hundreds of financial firms, serving tens of millions of investors.

The proposed partnership comes as prediction markets face mounting legal challenges at the state level in the US. A Washington state judge recently ordered Kalshi to stop offering a range of event contracts in the state, rejecting the company's argument that federal commodities law preempts state gambling law.