Deal would make Gemini the exclusive venue for crypto event contracts via Apex’s FCM, targeting millions of brokerage clients.
Crypto exchange Gemini and Apex Fintech Solutions have signed a non-binding letter of intent to distribute Gemini’s prediction markets through Apex’s Futures Commission Merchant. The agreement would grant Gemini exclusive rights to offer crypto event contracts to brokerage clients using Apex’s infrastructure, which serves hundreds of firms and tens of millions of investors.
Gemini received CFTC approval in December 2025 to operate a designated contract market and began clearing derivatives in-house in April. The firms already collaborate on stock trading, with Apex providing custody and clearing for Gemini’s zero-commission US equities platform launched in July. The partnership aims to expand Gemini’s regulated prediction-market business amid growing legal scrutiny in the US.
Prediction markets have faced regulatory challenges, including a recent Washington state court ruling blocking Kalshi from offering certain event contracts. The deal could position Gemini as a key player in the space if finalized.