Gemini plans to distribute crypto prediction markets through Apex brokerages
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.
Gemini and Apex Fintech Solutions have inked a non-binding letter of intent to make Gemini the exclusive regulated platform for crypto event contracts offered through Apex's Futures Commission Merchant. This partnership would expand Gemini's reach to brokerage clients, leveraging Apex's extensive trading and clearing infrastructure.
Apex currently serves hundreds of financial firms, providing them with trading and clearing services for tens of millions of investors. Gemini has been developing its regulated prediction-market business since receiving permission from the US Commodity Futures Trading Commission in December 2025 to operate a designated contract market and clear derivatives in-house in April.
The companies have previously collaborated on stock trading, with Apex Clearing handling custody and clearing for Gemini's zero-commission US equities, launched in July. This proposed agreement arrives as prediction markets grapple with legal hurdles at the state level in the US, with recent rulings against Kalshi for offering event contracts in Washington state.
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