Gemini and Apex Fintech Solutions have signed a letter of intent that would make Gemini Titan the exclusive regulated venue for crypto prediction contracts distributed to brokerage customers through Apex’s Futures Commission Merchant. The proposed arrangement, announced Monday, would allow brokerages connected to Apex to offer crypto event contracts without establishing separate execution and clearing relationships with Gemini Titan.
Under the alliance, brokerages that offer crypto event contracts through Apex’s FCM would use Gemini for execution and clearing. The companies said they may also collaborate on sports, economic and financial event contracts on a non-exclusive basis. The agreement remains subject to final terms expected to be settled in the coming weeks.
Gemini and Apex already work together in equities: in July Gemini introduced commission-free U.S. stock trading for eligible customers, with Apex Clearing Corporation providing custody and trade clearing. The new letter of intent extends that relationship into prediction markets.
Gemini Titan received a Designated Contract Market license from the CFTC in December 2025, allowing Gemini to operate a federally regulated event-contract market. In April, Gemini’s Olympus subsidiary received approval to operate as a Derivatives Clearing Organization, bringing clearing in-house. During Q2 2026, Titan recorded more than 225 million event contracts traded and over 27,000 cumulative traders. Prediction-market revenue was about $500,000 in Q2, compared with company-wide revenue of $45.5 million.
Gemini’s founders Tyler and Cameron Winklevoss have called prediction markets a central part of the company’s Gemini 2.0 strategy. “Our thesis is that prediction markets will be as big or bigger than today’s capital markets,” they said. “Predictions will be the machine within our app to see the future. A truth machine.”
The sector remains competitive, with Kalshi and Polymarket recording tens of billions of dollars in monthly volume. Gemini Titan also faces regulatory disputes: New York Attorney General Letitia James sued Gemini Titan and Coinbase Financial Markets in April, alleging certain event contracts violated state gambling rules, while Wisconsin later sued Kalshi, Coinbase and Polymarket. Gemini’s federally regulated infrastructure has continued operating while those cases progress.
