Introducing Gemini Titan's SPORTSTOTAL1: A New Era of Sports Event Contracts
Gemini Titan recently submitted a product self-certification to the Commodity Futures Trading Commission (CFTC) to introduce a new series of sports event contracts called "time-interval prop bets." These contracts, under the framework named "SPORTSTOTAL1," enable participants to wager on specific statistical outcomes within a designated time frame of a game, rather than the final result. The contracts are cash-settled with a notional size of $1.00 and trade within a price range of $0.01 to $0.99. The values of the contracts will be determined based on a hierarchy of source agencies, with the league governing the event at the top.
Gemini, a well-known cryptocurrency exchange, ventured into prediction markets with the launch of Gemini Predictions, for which it received a Designated Contract Market (DCM) license from the CFTC in December 2025. This move allows Gemini to offer its sports event contracts nationwide under federal oversight, bypassing state-by-state gaming regulations that traditional sportsbooks adhere to. While these contracts are referred to as event contracts in public filings, they fall under the category of swaps as per the Dodd-Frank Act's definitions.
By operating as a DCM, Gemini is able to compete directly with other CFTC-regulated prediction markets like Kalshi and Polymarket's US arm. This regulatory positioning has sparked debates about whether prediction markets are exploiting a gambling loophole, but they argue that being DCMs exempts them from state licensing requirements. This strategic advantage positions Gemini to expand its offerings and reach a broader audience in the prediction market space.