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Gemini releases new trading options for bitcoin maxis. Bitcoin maxis now have more ways to trade their favorite cryptocurrency on Gemini Predictions with short and long duration prediction contracts. Now you can trade the price of bitcoin without selling your sats. As Bitcoin 2026 kicks off this week in Las Vegas, Gemini Predictions has launched monthly high/low bitcoin touch contracts which allow users to make YES or NO predictions on how high or low the cryptocurrency will climb or drop within a specific time period. These contracts are designed for simplicity and speed: Make your prediction, set your amount, and receive your payout at settlement if your prediction is correct. Additionally, Gemini Predictions has launched 5-minute up/down bitcoin price contracts, allowing traders to make directional picks on bitcoin price movements with fast, defined settlement windows. Here are the benefits of bitcoin price contracts: Trade the price, not the asset: For those who prefer to HODL, bitcoin price prediction contracts let you act on your market view without buying or selling your bitcoin. Defined risk: Every contract has a defined maximum payout and loss. No surprises, no margin calls, no open-ended exposure. Just clean, transparent trading. Clear price discovery: Contracts are priced continuously using live bitcoin market data up to settlement. Easy entry point: High/Low and Up/Down contracts remove any complexity that comes with buying crypto, thanks to the binary YES or NO prediction contracts. Gemini also offers 15-minute, hourly, daily, weekly, and monthly contracts. These contracts are not limited to bitcoin, with ether, XRP, Solana, and Zcash also available in various durations. Team Gemini This content is for informational purposes only and does not constitute an offer to buy or sell any financial product, investment advice, or an official statement of Gemini. Participating in prediction contracts involves risk, including the risk of losing your full amount. This is not financial or legal advice. Please review Gemini's full Terms of Service before participating.

New York AG sues Coinbase and Gemini over prediction market offerings. Reading Time: 2 mins read New York Attorney General Letitia James filed a lawsuit targeting prediction market products offered by Coinbase and Gemini, arguing the contracts amount to unlicensed gambling under state law. The move intensifies a widening regulatory battle over where prediction markets sit between commodities, securities, and sports wagering. For exchanges and the wider crypto sector, the case could help define which agencies have jurisdiction over event-based contracts. What happened. The suit alleges that the prediction market products in question - offered in partnership with external platforms - allow New York residents to take positions on the outcomes of sporting events, political events, and other real-world occurrences, without the sportsbook licensing the state requires for equivalent activity. The complaint seeks injunctive relief and penalties, and it arrives amid a broader federal debate about whether prediction markets should be regulated by the Commodity Futures Trading Commission, state gaming regulators, or both. Coinbase and Gemini have positioned their products as CFTC-aligned derivatives, pointing to federal contract frameworks to justify nationwide availability. The New York action rejects that framing where the underlying event is sports-related and asserts state authority over the activity within its borders. What it means for traders. For New York users, availability of prediction markets on these platforms could be paused or restricted while the case moves through the courts. For traders elsewhere, the key question is whether other state attorneys general follow New York's lead, which could fragment access to prediction markets across the US. Volumes on event contracts have grown meaningfully in 2026, and liquidity in specific markets can thin quickly if a major state's users are geoblocked. Those using prediction markets for information aggregation, hedging, or speculative exposure should monitor platform announcements for any jurisdictional changes, and consider how regulatory risk premia might widen on related tokens or related equities. The bigger picture. Prediction markets have moved from niche crypto experiment to serious financial product. Kalshi and Polymarket have reshaped expectations for what retail derivatives can look like, and major exchanges have rushed to offer competing products. That growth has drawn regulators who see event contracts as resembling sports betting once event categories expand beyond traditional economic or political outcomes. The tension between federal derivatives law and state gambling law is not new - it has surfaced repeatedly in cases against offshore sportsbooks and daily fantasy operators - but it is newly relevant as onshore US platforms operated by publicly traded and well-capitalized firms step into the space. How courts resolve the conflict will influence product design, listing decisions, and the competitive position of crypto-native venues versus traditional derivatives exchanges. The New York suit is unlikely to be the last word. Expect a multi-year battle involving federal preemption arguments, further state actions, and continued product innovation as exchanges try to build compliant frameworks that keep prediction markets accessible to US users.

NY sues Coinbase, Gemini for unlawful prediction markets. The state of New York is taking legal action against Coinbase and Gemini, alleging that their prediction market platforms operate without regulation and licensing, which the state argues constitutes illegal gambling activities. Attorney General Letitia James has initiated a lawsuit, filed on Tuesday in state court in Manhattan, aiming to prevent the companies' platforms from functioning within the state until they secure licenses from the state Gaming Commission. "Gambling by another name is still gambling, and it is not exempt from regulation under our state laws and Constitution," James stated. "Gemini and Coinbase's so-called prediction markets are merely illegal gambling operations, putting young people at risk of addiction on platforms that lack essential safeguards." Messages seeking comment were left for Coinbase and Gemini. Initially, both companies operated as cryptocurrency trading platforms before expanding into the prediction market, a domain largely controlled by Kalshi and Polymarket. Gemini, established by siblings Cameron and Tyler Winklevoss, introduced Gemini Predictions in December. Coinbase launched its prediction markets service in January. "Crypto was just the beginning," Gemini's website stated on Tuesday, alongside a prediction box that offered bets on various events, including the winner of that day's Chelsea-Brighton Premier League soccer match, the confirmation date for Kevin Warsh as the chairman of the Federal Reserve, and the anticipated price of oil for Friday. New York's lawsuit alleges that Coinbase and Gemini are seeking "to avoid the legal and financial consequences" of the state's close regulation of gambling "by offering what is quintessentially wagering under the guise of offering event contracts' on a prediction market.'" By operating without licenses, the lawsuit states, Coinbase's and Gemini's prediction market businesses aren't paying the same taxes as licensed casinos and mobile sportsbooks, which are taxed by the state at a rate of approximately 51% of gross revenues. Furthermore, the lawsuit states that Coinbase and Gemini permit users as young as 18, despite state law prohibiting wagering by individuals under 21. In October, Kalshi initiated legal action against the state Gaming Commission following the commission's attempt to prohibit the company's prediction market operations within the state. In the ongoing case, Kalshi contends that, as a federally designated derivatives exchange, it falls under the exclusive jurisdiction of the federal regulator, the Commodity Futures Trading Commission. In December, Coinbase presented a similar argument when it initiated legal action against Connecticut, Michigan, and Illinois to prevent those states from regulating its prediction business. Earlier this month, the Commodity Futures Trading Commission initiated legal action against Arizona, Connecticut, and Illinois to prevent them from regulating prediction markets. Last week, a federal judge put a stop to Arizona's regulatory actions, which have involved criminal charges against Kalshi, determining that the federal commission had shown a reasonable likelihood of success in proving that the act supersedes Arizona law. Julie Young. Julie Young is a Senior Market Reporter and Analyst. She has been covering stock markets for many years.