Gemini sets sights on derivatives expansion after winning key U.S. regulatory approval
Gemini is expanding into derivatives and prediction markets following key U.S. regulatory approval, aiming to diversify beyond crypto-centric offerings and stabilize revenue amid market volatility. The company's strategy includes launching event contracts, integrating AI-driven trading tools, and planning to offer equities trading alongside its existing services. Despite investor skepticism, executive departures, and a class-action lawsuit alleging misrepresentation in its IPO, Gemini's leadership believes prediction markets represent a durable innovation with long-term growth potential.
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"As a crypto-centric business, your fate is to some extent tied to the crypto market," he said.Recent investor skepticism has centered on ongoing losses, executive departures and pulling out of international markets and a "company transformation" toward AI (with the recent launch of agentic trading, for example) and prediction markets. A class-action lawsuit in New York alleges Gemini misled investors about its strategy in its IPO.Winklevoss argued that skeptics who dismiss crypto's push into prediction markets as a short-term gimmick to boost trading volumes in a bear market are fundamentally underestimating their potential as a powerful, durable growth engine, adding that any innovation is bound to have its share of critics and skeptics as bitcoin did."When you when you look at…
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