Gemini has obtained approval from the Commodity Futures Trading Commission (CFTC) to operate a Designated Contract Market (DCM). This authorization allows its Gemini Titan platform to offer binary event contracts, with potential future offerings in crypto futures, options, and perpetuals. Gemini initially applied for the DCM license in March 2020. The approval comes amid a surge in U.S. prediction markets, which have expanded significantly since Donald Trump took office. Platforms like Kalshi and Polymarket have reported their highest trading volumes in recent months, particularly in October and November.