Gemini Titan secures CFTC approval to operate Designated Contract Market for prediction markets

Crypto exchange Gemini Space Station, Inc. has obtained CFTC authorization to run Gemini Titan as a Designated Contract Market, paving the way for a federally regulated prediction market platform. The venue will debut with binary event contracts before expanding into other CFTC-regulated crypto derivatives, including futures, options and perpetuals. The approval comes amid rapid growth in U.S. prediction markets and follows the return of Polymarket to the domestic market under federal oversight.