Gemini Olympus, LLC, an affiliate of the Gemini crypto exchange, has received approval from the Commodity Futures Trading Commission (CFTC) to operate as a Derivatives Clearing Organization (DCO) in the U.S. This approval allows Gemini to clear trades linked to eligible derivatives products, including prediction market contracts, enhancing its control over settlement and risk management. Following the announcement, Gemini's shares rose by approximately 7%. Cameron Winklevoss, co-founder of Gemini, emphasized that the DCO license is a significant step towards creating a comprehensive marketplace for predictions, futures, options, and other products. This development is part of Gemini's broader strategy to establish a full-stack financial platform, which includes a planned super app to meet diverse financial needs. The approval also complements Gemini's existing status as a Designated Contract Market (DCM), enabling it to clear trades from its prediction market platform through its own system. The CFTC approval places Gemini among a select group of 22 registered U.S. derivatives clearing organizations. This move strengthens Gemini's position in the regulated U.S. derivatives and prediction markets, aligning with its strategic focus on the U.S. market following its exit from the U.K., European Union, and Australia earlier this year.