Gemini and Apex to partner on crypto prediction markets

M&A · PartnershipDigital Finance
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Summary · why it matters

Cryptocurrency exchange Gemini and financial infrastructure firm Apex Fintech Solutions announced on the 24th that they have signed a memorandum of understanding to offer prediction markets for crypto assets. If the agreement is finalized, Gemini's subsidiary Gemini Titan will become the exclusive regulated trading platform for crypto event contracts offered to broker customers through Apex's futures commission merchant. Brokerage firms using Apex's FCM will be able to access regulated crypto event contracts without building their own exchange connectivity infrastructure. The companies said they may also collaborate on a non-exclusive basis on event contracts related to sports, the economy, and financial markets beyond crypto assets. According to Gemini, by the second quarter of 2026, more than 225 million event contracts had been traded cumulatively on Gemini Titan, with cumulative trader numbers exceeding 27,000. Meanwhile, in the broader market, Polymarket and Kalshi continue to lead prediction markets, still maintaining monthly trading volumes in the tens of billions of dollars.

Impact on stocks 1

Digital Finance & Tokenization▲ · 1 stocks

Theme Impact 1

Off-coverage companies 3

Apex Fintech SolutionsPrivate▲ Positive
Demandrelevance

Apex's FCM will enable brokers to offer regulated crypto event contracts, expanding its infrastructure usage and demand.

KalshiPrivate▼ Negative
Competitionrelevance

Gemini and Apex partnership adds a regulated competitor to prediction markets, potentially challenging Kalshi's market position.

PolymarketPrivate▼ Negative
Competitionrelevance

Gemini and Apex partnership adds a regulated competitor to prediction markets, potentially challenging Polymarket's market position.

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