Gemini, the crypto exchange co-founded by Tyler and Cameron Winklevoss, received a green light from the U.S. Commodity Futures Trading Commission (CFTC) to launch prediction markets in the U.S.

Five years in the making, the approval from the CFTC now allows Gemini affiliate Gemini Titan to operate as a Designated Contract Market (DCM), enabling U.S. customers to begin trading event contracts on Gemini’s web interface.

This story is an excerpt from the Unchained Daily newsletter.

“Prediction markets have the potential to be as big or bigger than traditional capital markets. Acting Chairman Pham understands this vision and its importance,” said Cameron Winklevoss in a statement.

The move positions Gemini to compete with platforms like Kalshi and Polymarket amid surging volumes in the prediction market space over the past few months.