Gemini secures CFTC clearing license to bring prediction market derivatives in-house

Crypto exchange Gemini Trust Company has secured a derivatives clearing organization (DCO) license from the Commodity Futures Trading Commission, allowing it to act as its own clearinghouse for derivatives trading. Cameron Winklevoss announced the approval on X, framing it as a major building block for the company's super app. The license ends Gemini's reliance on third-party clearinghouses for its prediction market and perpetual futures offerings, giving it direct control over its derivatives stack. The CFTC grant also sent GEMI stock higher as investor confidence in Gemini's prediction markets strategy grew. The approval positions Gemini to compete more directly with regulated derivatives and event-contract platforms by expanding its regulated product suite.