Gemini Space Station, Inc. (ticker: GEMI), the cryptocurrency exchange co-founded by the Winklevoss twins, announced that its affiliate Gemini Titan, LLC has received a Designated Contract Market (DCM) license from the U.S. Commodity Futures Trading Commission (CFTC).
This approval, after a five-year application process, allows Gemini to launch regulated prediction markets for U.S. users, offering binary “yes or no” event contracts on future outcomes. Examples include whether Bitcoin will close the year above $200,000 or if Elon Musk’s X will pay a $140 million fine to the European Commission by 2026.
The platform, branded as Gemini Titan, will integrate directly with Gemini’s existing web interface, enabling users to trade these contracts using their USD balances, with mobile app support to follow. Gemini plans to expand into other CFTC-regulated derivatives like crypto futures, options, and perpetual contracts in the future.
The move positions Gemini as a direct competitor to established players like Kalshi and Polymarket which received similar U.S. clearance last month in a sector poised for growth under the Trump administration’s more innovation-friendly regulatory stance.
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Gemini President Cameron Winklevoss praised Acting CFTC Chair Caroline Pham for fostering a “pro-business, pro-innovation” environment, noting that prediction markets could rival traditional capital markets in scale.
The announcement led to a 13.7% surge in GEMI shares during after-hours trading, though the stock remains down significantly year-to-date.
Trump Family’s American Bitcoin Bolsters Holdings with $38M BTC Purchase
In a parallel development in the crypto space, American Bitcoin Corp. (ticker: ABTC), the Nasdaq-listed Bitcoin mining and treasury firm co-founded by Eric Trump and Donald Trump Jr., disclosed on December 10, 2025, that it has acquired an additional 416 BTC—valued at approximately $38.3 million at current prices.
This brings the company’s total treasury to 4,783 BTC, worth roughly $440 million, solidifying its rank among the top 25 public Bitcoin holders.
The purchase follows a similar 363 BTC addition the prior week and underscores American Bitcoin’s aggressive accumulation strategy since its public debut via a reverse merger with Gryphon Digital Mining in September 2025.
Eric Trump, the firm’s co-founder and chief strategy officer, highlighted the rapid growth, with “satoshis per share” a metric tracking Bitcoin exposure per equity share rising over 17% month-over-month to 507.
ABTC, a majority-owned subsidiary of Hut 8 Corp., reported third-quarter profitability in November, with net income of $3.47 million and revenue doubling to $64.2 million, driven by expanded mining operations and Bitcoin’s price momentum.
ABTC shares cratered ~40% in early December amid a “crypto winter” and lock-up expiry, underperforming BTC’s 25% dip and erasing ~$1 billion from the family’s net worth in weeks. Yet, treasury builds like this tighten supply, historically correlating with price rebounds.
The purchase signals insider conviction—high-profile accumulation often precedes narrative shifts, as “capital with information positions early.” It could catalyze broader adoption, with 74% of polled traders betting on $120K BTC recovery over a $100K drop.
While bullish for BTC’s legitimacy, the Trump ties raise conflict-of-interest alarms: family ventures like $MELANIA down 96% YTD prioritize profit over policy, complicating bipartisan crypto bills and fueling Democrat opposition.
Trump’s meme coins and $WLFI have drawn fees amid BTC’s inaccessibility ~$100K, widening the wealth gap and inviting volatility lessons—ABTC’s swings highlight crypto’s underperformance risks for branded assets.
Positively, it boosts U.S. mining infrastructure like the Bitmain deals, but critics see it as “elite power grab” centralizing decentralized ideals. These events converge on a pro-crypto U.S. renaissance: Gemini’s license embodies regulatory maturation, enabling prediction markets to forecast BTC outcomes that ABTC’s buys directly influence.
Together, they forecast 2025 as a year of hybrid finance—regulated derivatives meeting treasury strategies—potentially propelling BTC toward new highs, though ethical frictions and volatility persist. As one observer noted, “When families with real influence start buying BTC with size, the shift already happened behind the scenes.”
This latest move aligns with the broader Trump family’s deepening crypto involvement, including ventures like World Liberty Financial and Trump Media’s $2 billion Bitcoin reserves, amid expectations of lighter U.S. regulations under second Trump’s term.
However, ABTC shares have faced volatility, recently tumbling amid a “crypto winter” but rebounding on treasury expansion news.