Gemini said Thursday that its affiliate Gemini Olympus has received a Derivatives Clearing Organization (DCO) license from the U.S. Commodity Futures Trading Commission, a regulatory approval that gives the company its own clearinghouse for regulated derivatives trades, including prediction markets.

What was approved

According to Gemini's investor relations announcement, the DCO license allows Olympus to handle clearing for regulated products instead of relying entirely on outside infrastructure. The approval follows the December 2025 CFTC designation of another Gemini affiliate, Gemini Titan, as a Designated Contract Market (DCM), which the company used to launch its U.S. prediction marketplace.

That distinction matters because the exchange venue and the clearing function are separate pieces of market plumbing. Gemini now controls both more directly for its prediction-market stack: Titan runs the marketplace, while Olympus can clear the trades behind it.

Why it matters

The conservative read is not that Gemini has suddenly launched every U.S. derivatives product on its wish list. In the same announcement, the company said Titan will explore adding crypto futures, options, and perpetuals for U.S. customers. CNBC separately reported the license gives Gemini more control over settlement and product design as it expands.

Prediction markets have become one of the more contested corners of crypto and fintech, with platforms such as Kalshi, Polymarket, Coinbase, and Robinhood all pushing into event contracts. This approval does not settle the wider legal fights around the category, but it does give Gemini a more complete regulated stack to compete with.