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Gemini reached a key regulatory milestone in the United States after obtaining a Derivatives Clearing Organization (DCO) license from the Commodity Futures Trading Commission (CFTC). Cameron Winklevoss, co-founder of the exchange, said the approval completes the legal cycle for Gemini’s Predictions platform, moving it beyond an intermediary role toward a broader infrastructure that can execute, confirm, and settle futures operations within a single workflow.
Gemini stated that the DCO license allows it to act as a clearinghouse for regulated derivatives trading, including prediction markets. Winklevoss confirmed the development in a post dated April 30, 2026.
The approval comes as Gemini works toward building a financial “super app,” supported by a $250 million line of credit from Ripple. The exchange also uses RLUSD as collateral under the supervision of the New York Department of Financial Services (NYDFS), according to the article.
Gemini must complete a liquidity “stress test” before July 2. The stated objective is to reduce debt to $150 million while maintaining a 7% rate. The article also notes that investors will be watching whether Gemini can translate the new licenses into real trading volume, as failure to do so could contribute to borrowing costs rising to 10%.
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