Gemini signed a non-binding letter of intent with Apex Fintech Solutions to make its subsidiary, Gemini Titan, the exclusive regulated venue for crypto event contracts. These contracts will be distributed through Apex’s futures commission merchant to its brokerage customers, who will use Gemini for execution and clearing. Gemini Titan secured a Designated Contract Market license in December 2025, followed by sister company Gemini Olympus obtaining a Derivatives Clearing Organization license in April. Robinhood generated 156 million dollars in event contract revenue in the second quarter, more than ten times higher than the prior year. The platform is nonetheless facing legal action from the New York Attorney General, who argues that these prediction markets constitute unauthorized gambling operations.
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