Gemini Teams With Apex to Expand Prediction Market Footprint

Cryptocurrency exchange Gemini is expanding its prediction markets business in collaboration with Apex FinTech Solutions. The partnership will see Gemini's Gemini Titan become the exclusive regulated venue for crypto event contracts distributed through Apex's futures commission merchant (FCM) to Apex's brokerage customers.

Gemini CEO Tyler Winklevoss said, 'Leveraging more than a decade of experience building and operating a regulated platform for crypto, a new and emergent asset class, we deliberately chose to build our predictions platform in-house.' He believes that predictions are the future of markets, and this strategy allows them to expand their offering and open access to valued partners like Apex as demand for event contracts grows.

With this partnership, brokerages offering crypto event contracts through Apex's FCM will use Gemini for execution and clearing. The companies noted that this partnership builds on a series of recent regulatory approvals, including Gemini Olympus obtaining a Commodity Futures Trading Commission (CFTC) derivatives clearing organization (DCO) license in April.