Gemini is expanding into the prediction markets sector after the U.S. Commodity Futures Trading Commission (CFTC) granted a Designated Contract Market license to Gemini Titan, an affiliate of the crypto exchange’s Gemini Space Station, Inc. The license allows the platform to offer event contracts to American customers.

“Today's approval marks the culmination of a five-year licensing process and the beginning of a new chapter for Gemini,” CEO Tyler Winklevoss said in a statement, noting that the Trump administration helped pave the way by “ending the Biden administration's war on crypto.”