Apex Fintech Partners With Gemini for Crypto Prediction Markets
Apex Fintech Solutions has signed a deal with Gemini Space Station to bring Gemini Titan’s crypto event contracts to Apex’s recently launched prediction markets platform. With this deal, the Gemini subsidiary would become the exclusive regulated venue for crypto prediction markets distributed through Apex’s Futures Commission Merchant (FCM).
Apex’s brokerage clients will use Gemini for execution and clearing for their crypto event contracts. Gemini will also bring additional contract categories, such as sports, economics, and financial markets.
“Leveraging more than a decade of experience building and operating a regulated platform for crypto, a new and emergent asset class, we deliberately chose to build our predictions platform in-house,” said Tyler Winklevoss, CEO of Gemini, in a statement. “We believe that predictions are the future of markets, and this strategy allows us to expand our offering and open access to valued partners like Apex as demand for event contracts grows.”
This follows news earlier this month that Apex launched a prediction markets platform, with an API that gives firms access to market flow from prediction market exchange Kalshi. With the new platform, Apex handles all FCM operations, clearing, segregated custody and account management, so firms don’t have to build their own FCM infrastructure or direct exchange connectivity.
Travis McGhee, global head of digital markets at Apex Fintech Solutions, said the firm has seen an increase over the last 18 months in inbound inquiries and demand for access to prediction markets across all categories, including sports, politics and cultural events. That includes demand from wealth management clients.
“At Apex, we’ve always believed in meeting the market where it’s going,” said McGhee, in a statement. “This partnership with Gemini is about building the bridge between traditional finance and what’s next. Our brokerage clients get regulated access to crypto event contracts without having to build the plumbing themselves. That’s the Apex model.”
