Gemini and Apex Fintech Solutions partner on crypto prediction markets

Gemini and Apex Fintech Solutions have signed a non-binding letter of intent to expand the distribution of crypto prediction markets. Under the proposed arrangement, Gemini’s subsidiary, Gemini Titan, would serve as the exclusive regulated venue for crypto event contracts distributed through Apex’s Futures Commission Merchant (FCM) to its brokerage customers.

Brokerages connected to the Apex network would utilize Gemini for the execution and clearing of these contracts. While the exclusivity applies specifically to crypto-related event contracts, the two companies noted they may also collaborate on a non-exclusive basis regarding contracts for sports, economics, and financial markets.

The partnership leverages Gemini’s existing regulatory infrastructure, including its Designated Contract Market (DCM) license held by Gemini Titan and its Derivatives Clearing Organization (DCO) license held by Gemini Olympus. Gemini CEO Tyler Winklevoss stated that the company deliberately built its prediction platform in-house to allow for such expansion and access to partners as demand for event contracts grows.