Gemini and PancakeSwap Jump Into Prediction Markets as Crypto Fever Builds
Crypto exchanges and platforms are moving quickly into prediction markets, with Gemini and PancakeSwap becoming the latest names to roll out new offerings as interest in on-chain betting continues to surge.
Key Takeaways
Gemini has launched regulated prediction markets across the US after securing CFTC approval through its affiliate, Gemini Titan.
Crypto platforms are racing to build all-in-one products as prediction markets gain mainstream traction.
PancakeSwap-backed Probable highlights growing competition from decentralized prediction market platforms.
Gemini Brings Regulated Prediction Markets to the US
Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss, announced on Monday that it has launched Gemini Predictions across all 50 US states. The platform is offered through Gemini Titan, an affiliate that recently received a designated contract market license from the Commodity Futures Trading Commission (CFTC).
With regulatory clearance in place, Gemini users can now trade on the outcomes of real-world events, with near-instant execution and transparent settlement, according to the company.
The launch marks one of the most significant US expansions of prediction markets by a major crypto exchange and follows Gemini Titan’s approval last week.
Part of the “Everything App” Strategy
Prediction markets are the latest addition to Gemini’s broader push to become an all-in-one digital asset platform. Beyond spot trading, the exchange has steadily expanded into staking, rewards, tokenized stocks, and now event-based markets.
The move mirrors a wider industry trend, as rivals like Coinbase and Crypto.com also explore similar expansions to keep users inside a single ecosystem.
PancakeSwap Backs a Decentralized Challenger
The prediction market boom isn’t limited to centralized exchanges. On Tuesday, PancakeSwap unveiled Probable, a new decentralized prediction platform incubated by the DEX and backed by YZi Labs, the venture firm founded by Binance co-founder Changpeng “CZ” Zhao.
Probable will launch exclusively on BNB Chain and plans to operate with zero fees at the outset. Deposited tokens will automatically be converted into USDT on BNB Chain, removing the need for users to manually swap or bridge assets. Event outcomes will be verified using UMA’s Optimistic Oracle.
While PancakeSwap is supporting its early development, Probable will run as an independent platform. A launch date has not yet been announced.
Prediction Markets Are Having a Moment
The rapid expansion reflects growing demand for prediction markets, which have seen explosive growth in recent months. Platforms like Kalshi and Polymarket have reported billions of dollars in monthly trading volume since October, drawing interest from both crypto-native users and traditional finance players.
Major names such as Robinhood and MetaMask are also exploring ways to tap into the trend.
Kalshi recently made headlines after signing a partnership with CNN, becoming the network’s official prediction market partner. The company also closed a $1 billion funding round at an $11 billion valuation, with its market data now used inside CNN’s newsroom for coverage of politics, economics, and major events.
Meanwhile, Galaxy Digital, led by Mike Novogratz, is reportedly in talks with both Polymarket and Kalshi about providing liquidity, underscoring growing Wall Street interest in on-chain event trading.
As prediction markets continue to gain traction, crypto platforms appear eager to stake their claim—turning real-world outcomes into one of the fastest-growing frontiers in digital finance.
