The Currency analytics
By Sakamoto Nashi
Gemini's pulling out. The Winklevoss brothers' crypto exchange just told international users they're done by February 5, 2026, and it's pretty much a complete shift away from…
The company's cutting staff and throwing everything behind prediction markets instead. You know, those platforms where people bet on election outcomes, sports results, whatever…
International customers got the news fast. No grace period.
Gemini told users to pull their funds out because services stop immediately. The exchange didn't give much warning, which left some traders scrambling to figure out their next…
Other exchanges are dealing with similar regulatory pressure. Coinbase cut ties with international partners on January 20, 2026, focusing on core markets instead.
The Winklevoss twins made their Bitcoin bet when it traded at $10,000 back in 2020. That worked out pretty well for them.
Industry experts can't agree on whether this move makes sense. Some think Gemini's getting ahead of regulatory crackdowns by focusing on prediction markets instead of traditional…
Gemini hasn't released details about their prediction markets platform yet. They're staying quiet about which events people can bet on, how the platform will work, what fees…
The regulatory landscape keeps getting tougher for crypto exchanges. Countries are tightening rules, and many platforms are choosing to exit rather than comply with dozens of…
And the timing's interesting too. Crypto trading faces more scrutiny than ever, so diversifying into prediction markets could give Gemini an edge if they can make it work.
Whether prediction markets can become mainstream depends on user adoption and how regulators react.
For international customers, the withdrawal creates immediate problems. Some users are still trying to understand the timeline and process for moving their funds.
Gemini's gamble will test whether prediction markets can sustain a major exchange. The cryptocurrency sector's going through major changes, and companies are either innovating or…
The prediction markets industry generated roughly $2.3 billion in trading volume during 2025, according to blockchain analytics firm DeFiPulse.
Several major financial institutions have quietly explored prediction markets recently. Goldman Sachs filed patents for blockchain-based prediction systems in late 2025.