Gemini Signs Letter of Intent With Apex to Expand Prediction Markets Distribution

Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, signed a letter of intent with Apex Fintech Solutions on Monday to distribute its regulated crypto prediction markets to brokerage firms. 

The deal would make Gemini subsidiary Gemini Titan the exclusive regulated venue for crypto event contracts offered through Apex’s futures commission merchant.

Deal Structure Gives Brokerages Access Without Building Their Own Infrastructure

Under the letter of intent, brokerages that work with Apex’s futures commission merchant, a regulated firm that handles customer orders and funds for futures and derivatives trading, would be able to offer crypto-based event contracts through Gemini’s platform. Gemini would handle execution and clearing for those contracts.

The arrangement lets brokerages offer prediction-market products without building their own direct connections to an exchange. 

The companies said in a joint announcement that they expect to finalize the details of the collaboration in the coming weeks, meaning the current agreement establishes intent rather than a completed, binding contract.

The deal builds on an existing relationship between the two companies. Gemini launched commission-free stock trading for certain U.S. customers in July, with Apex Clearing Corporation serving as custodian and clearing broker for that product.

Gemini Has Spent Months Building CFTC-Regulated Infrastructure

Gemini Titan received a Designated Contract Market license from the Commodity Futures Trading Commission in December 2025, allowing the subsidiary to operate a regulated derivatives exchange and offer prediction-market trading in the United States. 

Another subsidiary, Gemini Olympus, secured a Derivatives Clearing Organization license from the CFTC in April, allowing Gemini to bring clearing and settlement functions in-house rather than relying on a third party.

Those two licenses form the regulatory backbone the company is now using to expand distribution through partners such as Apex. Gemini CEO Tyler Winklevoss framed the strategy as central to the company’s broader direction. Winklevoss said in the announcement:

“We believe that predictions are the future of markets.” 

In May, Gemini rolled out Command Center, an AI-powered feature for its prediction markets platform that integrates outside AI models to provide real-time market summaries, sentiment analysis and trading signals based on a user’s portfolio and activity.

Prediction Markets Have Grown Sharply Over the Past Year

Monthly trading volume on leading prediction-market platforms Kalshi and Polymarket reached nearly $24 billion by April, up from less than $5 billion in September 2025, according to Pew Research Center. 

Sports, politics, and cryptocurrency have emerged as the largest categories as event contracts, which let users wager on the outcome of real-world events, move further into mainstream trading.

The rapid growth has drawn a widening field of competitors seeking distribution deals and regulatory approval to operate in the category. Crypto companies in particular have leaned into prediction markets and other new product lines to diversify revenue as trading volumes in their core spot markets have softened.

Distribution Reach Is the Central Competitive Question

Regulatory approval alone does not guarantee a prediction-market operator meaningful trading volume, since platforms need distribution channels that put their products in front of active traders. 

Gemini’s approach through Apex targets brokerage customers who may not otherwise have direct access to a crypto-native prediction-market exchange.

Whether the arrangement meaningfully expands Gemini’s trading volume will depend on how many of Apex’s brokerage clients choose to activate the feature once the companies finalize the partnership’s terms in the coming weeks.