Gemini CEO Tyler Winklevoss Expresses Gratitude to Trump Following Launch of Prediction Markets, Shares Surge 13% in After-Hours Trading
Gemini Titan's Regulatory Approval: Gemini Titan, a subsidiary of Gemini Space Station, has received a Designated Contract Market license from the Commodity Futures Trading Commission, allowing it to offer prediction markets to U.S. customers.
Launch of Prediction Markets: The company will initially provide simple “Yes” or “No” event contracts on its platform, marking a significant step in its five-year licensing journey.
Market Context: The approval comes during a surge in interest for prediction marketplaces, with competitors like Polymarket and Kalshi also gaining traction and facing regulatory scrutiny.
Stock Performance: Following the announcement, Gemini's shares rose by 13.73% in after-hours trading, despite a slight decline during regular trading hours.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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