Gemini is poised to enter the regulated prediction market with its new platform, Gemini Titan, but faces delays due to the ongoing U.S. government shutdown. The company submitted its application to the Commodity Futures Trading Commission (CFTC) in May 2025, seeking to offer derivatives contracts on various events. However, the 36-day shutdown has stalled the approval process, impacting the launch timeline. Despite the setback, Gemini remains committed to expanding beyond traditional crypto trading, supported by its recent $425 million IPO. The firm will compete with established platforms like Kalshi and Polymarket, which have already made inroads in the prediction market space.