Crypto exchange Gemini integrates SpaceXAI’s Grok to enhance prediction market tools amid declining trading volumes and profits.
Cryptocurrency exchange Gemini has rolled out AI-driven prediction market feeds powered by Grok, the model developed by SpaceXAI, a division of Elon Musk’s SpaceX. The move comes as Gemini expands beyond spot and derivatives trading into AI and prediction markets, sectors gaining traction despite a broader crypto slump that has reduced trading volumes and profitability.
Gemini reported $400,000 in revenue from its prediction markets platform in Q1, generated by 20,000 users. While modest compared to leaders like Kalshi and Polymarket, the figure reflects growing interest in alternative trading products. The exchange also posted a 42% year-on-year revenue increase to $50.3 million, though it remained unprofitable with a $109 million net loss for the quarter.
The integration follows Gemini’s recent introduction of AI tools allowing users to connect models like ChatGPT and Claude to trading accounts for autonomous market monitoring and trade execution. The expansion aligns with broader industry efforts to diversify revenue streams amid regulatory and market challenges.