Gemini Space Station, Inc. receives a tactical buy rating, supported by its expansion into regulated US prediction markets via a CFTC license. GEMI demonstrates strong product diversification, with service revenue now 39% of total and credit card revenue up 75% quarterly. Despite a >50% post-IPO decline, GEMI's doubling of revenue and rising recurring service income signal improving fundamentals.
Gemini Space Station trades well below its IPO price, presenting a value opportunity after a sharp post-IPO decline. The crypto exchange already reported Q3'25 revenues surged 52% QoQ to nearly $50 million, with diversified growth from credit cards, staking, and advisory services. Securing a CFTC license for U.S. prediction markets and expanding derivatives offerings are major catalysts for future growth.
Investors in Gemini Space Station shares finally had something to really cheer about, after the cryptocurrency exchange finally received approval to get into the prediction-markets business.
Gemini, the crypto platform founded by billionaire twins Tyler and Cameron Winklevoss, said on Wednesday it had received a license from the Commodity Futures Trading Commission to offer prediction markets to U.S. customers.