Gemini Titan to power crypto prediction markets for Apex brokerages

Gemini Space Station and Apex Fintech Solutions have signed a letter of intent that would make Gemini Titan the exclusive regulated venue for crypto prediction contracts distributed to brokerage customers through Apex’s futures commission merchant. Summary Gemini and Apex have signed a letter of intent to distribute crypto prediction markets through Apex’s brokerage network. Gemini Titan would become the exclusive regulated venue for crypto event contracts offered through Apex’s FCM. Brokerages using the service would rely on Gemini for execution and clearing of crypto prediction contracts. The companies may also work together on sports, economic and financial event contracts on a non-exclusive basis. Gemini and Apex said Monday that brokerages offering crypto event contracts through Apex’s Futures Commission Merchant, or FCM, would use Gemini for execution and clearing under the proposed arrangement, extending an existing relationship between the two financial companies into prediction markets. The agreement remains subject to final terms, which the companies expect to work out over the coming weeks. Once completed, brokerage firms connected to Apex would be able to offer crypto e...