Gemini Shares Explode After Hours as Revenue Surges 42%
Tech Gemini Shares Explode After Hours as Revenue Surges 42% The growth was driven by OTC trading, services, and strong performance from its crypto-linked credit card business. The company also revealed that its prediction market platform generated $400,000 in revenue since launching in December. Gemini Stock Soars After Massive Revenue Growth Gemini shares in after-hours trading on Thursday after the crypto exchange reported strong first-quarter revenue growth and revealed new details about its expanding prediction markets business. The company total revenue of $50.3 million for the quarter, which is a 42% increase compared to the $35.3 million that was generated during the same period last year. The growth was largely driven by expanding service offerings, over-the-counter (OTC) trading activity, and strong performance from the firms crypto-linked Gemini Credit Card business. One of the biggest updates from the earnings report was Geminis first disclosure of revenue from its in-house prediction market platform, which launched in December. The company said the segment generated $400,000 in revenue so far, while more than 20,000 users have traded contracts on the platform. Gemini also revealed that over 100 million contracts have already been traded since launch. Larger platforms like Polymarket and Kalshi reportedly see daily ranging between $300,000 and $500,000 on a









