Gemini Space Station is reportedly considering offering event contracts to clients, while its designated contract market application with the CFTC remains pending. The company filed for the status in May through Gemini Titan; approval would be required to offer event contracts in the US.
A CFTC decision would determine whether Gemini can offer event contracts in the US.
| Date | Company | Amount | Story | Appeal status |
|---|---|---|---|---|
| Polymarket, QCX | Not stated | Polymarket plans US return by late November with sports focus | Not stated | |
| Railbird Exchange, QC Clearing | Not stated | CFTC approves Railbird Exchange as a designated contract market | Not stated |
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It was reported that Binance.US planned an August application to the CFTC for approval to offer prediction markets. Chief executive Stephen Gregory reportedly outlined the plan at the Rare Evo conference in Las Vegas.
Rush Street Interactive was linked to an application filed with the Commodity Futures Trading Commission on 20 May by Eventive III, which could provide a route to sports event contracts. Susquehanna analyst Joseph Strauff said public documents do not name RSI, and an RSI spokesperson declined to comment.
CFTC chair nominee Michael Selig told a Senate committee he would apply the law to any application for Trump Media’s proposed Truth Predict platform. Asked about a possible presidential request for special treatment, Selig said an application would go through the same process as others; the committee advanced his nomination by a 12-11 vote.
DraftKings withdrew its application to the National Futures Association in April, pausing plans for its DraftKings Predict platform. Jefferies analyst David Katz said the company was taking a measured approach to prediction markets; DraftKings has not explained the change.
DraftKings withdrew its National Futures Association application in March, after filing it last July for an entity called DraftKings Predict. The company said it continues to monitor developments in prediction markets but did not explain the withdrawal.