Gemini Shares Jump as Revenue Grows 42% and Prediction Market Activity Expands

Gemini saw its shares surge as much as 30% in after hours trading after reporting strong first quarter results, including 42% year-over-year revenue growth and the first performance update for its prediction market business.

The company posted total revenue of $50.3 million in the first quarter, up from $35.3 million during the same period last year. Growth was mainly supported by services, over the counter trading and its fast-growing crypto linked credit card business.

Gemini Prediction Market Crosses 100 Million Contracts

Gemini revealed that its prediction market platform, launched in December 2025, has already surpassed 100 million contracts traded. More than 20,000 users have participated on the platform, generating approximately $400,000 in revenue so far.

The exchange also said prediction market trading activity continued rising in April, with volume climbing 78% from the previous month.

Credit Card Business Becomes Major Revenue Driver

Gemini’s services and interest revenue jumped more than 120% year over year to $24.5 million, accounting for nearly half of total revenue. Credit card revenue alone reached $14.7 million, marking a 300% increase from a year earlier.

However, the company still reported a net loss of $109 million for the quarter.

Exchange Trading Volume Declines Despite Growth

While overall revenue improved, Gemini’s exchange revenue dropped 27% to $17.2 million as crypto trading activity slowed. Total trading volume also fell sharply to $6.3 billion from $13.5 billion a year earlier.

Gemini recently secured a Derivatives Clearing Organization license, allowing the company to expand into futures, options and prediction market products.