Gemini Partners with Apex to Distribute Crypto Prediction Markets Through Brokerages

Crypto exchange Gemini has signed a non-binding letter of intent with Apex Fintech Solutions to become the exclusive regulated venue for crypto event contracts distributed through Apex's Futures Commission Merchant (FCM). Under the proposed arrangement, participating brokerages would route execution and clearing through Gemini, giving the exchange a significant new distribution channel for its prediction-market business. Gemini Titan, the exchange's prediction-market platform, would serve as the sole regulated marketplace for these contracts.

Apex provides trading and clearing infrastructure to hundreds of financial firms serving tens of millions of investors, making it one of the largest brokerage technology providers in the US. Gemini has been steadily expanding its regulated derivatives footprint since receiving approval from the US Commodity Futures Trading Commission (CFTC) to operate a designated contract market in December 2025 and to clear derivatives in-house in April 2026. The two companies already collaborate on equities: Apex Clearing provides custody and clearing for Gemini's zero-commission US stock trading offering, which launched in July 2026.

The partnership lands at a time when prediction markets are facing increasing legal scrutiny at the US state level. A Washington state judge recently ordered Kalshi to halt a broad range of event contracts in the state, rejecting the company's argument that federal commodities law preempts state gambling regulations. That ruling underscores the regulatory uncertainty surrounding event contracts and could shape how Gemini and Apex structure their offering to comply with varying state-level rules.

If finalized, the deal would position Gemini as a central infrastructure provider for brokerage-distributed crypto prediction markets, combining Gemini's CFTC-regulated venue with Apex's broad brokerage network. The companies have not disclosed a timeline for converting the letter of intent into a definitive agreement.