Gemini Apex prediction markets partnership

Gemini Space Station, Inc. and Apex Fintech Solutions signed a letter of intent to distribute crypto prediction markets through Apex's brokerage network. Under the proposed partnership, Gemini Titan would become the exclusive regulated venue for crypto event contracts distributed through Apex's Futures Commission Merchant, with brokerages using Gemini for execution and clearing. The agreement is non-binding and subject to final terms expected in the coming weeks. This builds on Gemini's regulatory milestones: Gemini Titan secured a CFTC Designated Contract Market license in December 2025, and Gemini Olympus obtained a Derivatives Clearing Organization license in April 2026. Gemini's prediction markets have traded over 225 million contracts with 27,000+ traders, though revenue remains modest at $500,000 in Q2 2026. The partnership extends an existing relationship where Apex Clearing serves as custodian for Gemini's commission-free stock trading. The deal faces regulatory uncertainty, with lawsuits from United States — New York and United States — Wisconsin challenging the legality of prediction markets under state gambling laws.