Gemini Calls the Segment That Brought In $500,000 Its | Crypto Work Pro
Gemini’s president is asking prediction markets the platform’s greatest near-term growth driver. However the declare has but to be mirrored in the section’s income contribution.
Gemini Space Station reported a $107.7 million web loss for the second quarter, its fourth consecutive quarterly loss since going public in September 2025, based on outcomes printed on 13 August.
Revenue rose 37% year-on-year to $45.5 million, forward of analyst estimates, whereas belongings on the platform fell 54% to $8.4 billion amid decrease crypto valuations and institutional custody outflows.
Gemini has cut roughly a third of its workers and misplaced a number of senior executives over the previous yr, and in May the Winklevoss brothers invested $100 million of their own money into the company.
Shares fell about 6% in after-hours trading following the report, after closing up 3% earlier in the session. The stock has now fallen from an intraday high of $45.89 on its Nasdaq debut in September 2025 to round $4.06 — a decline of more than 90% in below a yr.
The Predictions Bet, up to now
Cameron Winklevoss, Gemini’s president, mentioned prediction markets stay “the largest near-term growth opportunity on the platform,” citing the sports activities season forward in the second half of the yr.
The section generated about $500,000 in Q2 income, which is roughly 1% of Gemini’s complete.
The quantity numbers show the identical hole. Event contracts traded on the platform surpassed 225 million cumulatively since the product’s December 2025 launch, up 93% quarter-on-quarter, although Gemini has not disclosed the greenback quantity behind them.
Third-party estimates put cumulative turnover at roughly $24 million as of July — a fraction of Kalshi’s reported $100 billion-plus of notional quantity, and smaller than the volumes Kalshi and Polymarket registered round the 2026 World Cup alone.
A Five-Year Wait for a Licence
Gemini spent 5 years pursuing the regulatory approvals behind this push. It secured a Designated Contract Market licence from the CFTC in December 2025, permitting its Gemini Titan subsidiary to offer occasion contracts to US clients.
In April 2026 it added a Derivatives Clearing Organization licence to self-clear its own contracts.
Winklevoss had mentioned in 2025 that prediction markets have the potential to be “as big or bigger than traditional capital markets” – a declare the company is just now beginning to take a look at towards rivals with a multi-year head begin.
The push into predictions, credit playing cards and different non-crypto merchandise comes as Gemini’s core exchange income stays below stress alongside the relaxation of the industry. eToro, Robinhood and Coinbase all reported falling crypto income for the second quarter.
Gemini itself has described its business as crypto-centric, and management mentioned on an earlier earnings call it was working to transition towards a “super app for the markets economy.”
Management has framed the previous 9 months as a period of product rebuilding moderately than a return to profitability. The subsequent quarterly report will show whether or not prediction markets and different new merchandise can grow into a significant share of income moderately than a small addition.
This article was written by Tanya Chepkova at www.financemagnates.com.
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