Winklevoss-Founded Gemini Moves to Enter Prediction Markets

Gemini Space Station Inc., the crypto exchange founded by billionaires Tyler and Cameron Winklevoss, is preparing to offer prediction market contracts, according to people familiar with plans.

The move would bring Gemini into the broader rush of financial firms entering the nascent industry developing around prediction markets, which offer a federally regulated way to bet on the outcome of sports games, elections and other events.

Gemini has discussed launching products as soon as possible, some of the people said, who asked not to be identified as the conversations were private.

A representative for Gemini did not respond to a ...