Gemini targets brokerage distribution expansion with Apex crypto prediction markets tie-up

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Gemini expands brokerage crypto access

Highlights

Gemini and Apex Fintech Solutions signed a letter of intent to distribute regulated crypto event contracts to brokerage firms via Apex’s futures commission merchant.
Gemini Titan gained CFTC Designated Contract Market status in December 2025 and secured derivatives clearing in-house after Gemini Olympus received a DCO license in April.
Prediction markets on platforms like Kalshi and Polymarket reached nearly $24 billion in monthly volume by April, surging from under $5 billion in September 2025.

Exclusive distribution plan through Apex

As reported by CoinDesk, citing Gemini and Apex Fintech Solutions, the companies are working under a letter of intent that would route regulated crypto event contracts to brokerage firms through Apex’s futures commission merchant.

Under the proposed structure, Gemini Titan would serve as the exclusive regulated venue for those contracts, while Gemini handles execution and clearing. That setup allows brokerages using Apex to offer crypto-based event contracts without building their own connections to a prediction-market exchange.

An FCM is a regulated firm that handles customer orders and funds for trading futures and other derivatives. The companies say they expect to finalize details of the collaboration in the coming weeks.

Regulatory buildout and market growth

Gemini is expanding the infrastructure it needs to compete in U.S. prediction markets as crypto firms look for new revenue streams beyond traditional spot trading, where weaker volumes have pressured income.

Gemini Titan received a Designated Contract Market license from the Commodity Futures Trading Commission in December 2025, allowing it to operate a regulated derivatives exchange and offer prediction trading. In April, Gemini Olympus secured a Derivatives Clearing Organization license from the CFTC, enabling Gemini to bring clearing and settlement for Gemini Titan in-house.

Prediction markets have grown rapidly over the past year. Monthly trading volume on leading platforms Kalshi and Polymarket reaches nearly $24 billion by April, up from less than $5 billion in September 2025, according to Pew Research Center.

Sports, politics and cryptocurrency are emerging as the largest categories as event contracts move further into mainstream trading. Gemini CEO Tyler Winklevoss says in the release that the company believes predictions are the future of markets.

The agreement also expands an existing relationship between the two firms. Gemini launched commission-free stock trading for certain U.S. customers in July, with Apex Clearing Corporation serving as custodian and clearing broker, and in May Gemini unveiled Command Center, an AI-powered intelligence layer for its prediction markets platform.

Our earlier coverage on the tougher U.S. regulatory and legal climate for AI and major social media platforms outlined how rising public concern is translating into stricter oversight from state lawmakers, federal agencies and the courts. We noted the surge in AI-related bills across all 50 states, growing resistance to supporting infrastructure such as data centers, and court actions that increase liability risks for large platforms and their algorithms.

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