Gemini Expands Prediction Market Offering with Apex Partnership
Cryptocurrency exchange Gemini (NASDAQ: GEMI) has expanded into prediction markets through a partnership with privately held fintech firm Apex Fintech Solutions. The collaboration allows brokerages using Apex to offer crypto-based event contracts without building their own infrastructure, as Gemini will handle execution and clearing for these products. Prediction markets have gained popularity in recent years, particularly around sports, politics, and cryptocurrency events. This move positions Gemini to compete with leading platforms like Kalshi and Polymarket while diversifying its revenue streams amid lower trading volumes across the crypto sector. Gemini's CEO Tyler Winklevoss emphasized that prediction markets represent 'the future of markets.' Despite this strategic expansion, GEMI stock has fallen 87% since going public in September 2025 and is currently valued at $4.28 per share.
Topics: cryptocurrency_exchange partnerships prediction_markets