Gemini CEO Tyler Winklevoss Expresses Gratitude to Trump Following Launch of Prediction Markets, Shares Surge 13% in After-Hours Trading

Gemini Titan's Regulatory Approval: Gemini Titan, a subsidiary of Gemini Space Station, has received a Designated Contract Market license from the Commodity Futures Trading Commission, allowing it to offer prediction markets to U.S. customers.

Launch of Prediction Markets: The company will initially provide simple “Yes” or “No” event contracts on its platform, marking a significant step in its five-year licensing journey.

Market Context: The approval comes during a surge in interest for prediction marketplaces, with competitors like Polymarket and Kalshi also gaining traction and facing regulatory scrutiny.

Stock Performance: Following the announcement, Gemini's shares rose by 13.73% in after-hours trading, despite a slight decline during regular trading hours.