The proposed deal would make Gemini the exclusive venue for crypto event contracts offered through Apex’s FCM, expanding its prediction-market reach to brokerage clients.
Crypto exchange Gemini and Apex Fintech Solutions have signed a non-binding letter of intent that would make Gemini Titan the exclusive regulated venue for crypto event contracts offered by brokerage firms through Apex’s Futures Commission Merchant (FCM).
Under the proposed arrangement, participating brokerages would use Gemini for execution and clearing, giving Gemini a new distribution channel for its prediction-market business.
Apex provides trading and clearing infrastructure to hundreds of financial firms serving tens of millions of investors, according to the company. Gemini, meanwhile, has been building out its regulated prediction-market business since receiving approval by the US Commodity Futures Trading Commission to operate a designated contract market in December 2025 and clear derivatives in-house in April.
The companies already work together on stock trading, with Apex Clearing providing custody and clearing for Gemini’s zero-commission US equities offering launched in July.
The proposed partnership comes as prediction markets face mounting legal challenges at the state level in the US. Most recently, a Washington state judge ordered Kalshi to stop offering a broad range of event contracts in the state, rejecting the company’s argument that federal commodities law preempts state gambling law.
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