Crypto exchange Gemini is exiting the UK, EU, and Australia markets and cutting its workforce by 25%. The company cited challenges in foreign markets and a focus on the US. Gemini will prioritize its prediction market platform, Gemini Predictions, after recording $24 million in trading volume since launch.

Gemini believes prediction markets will rival traditional capital markets, with $3.1 billion in trading volume during the 2024 US presidential election. Daily trading volume ranged from $277 million to $550 million in January 2026. Polymarket and Kalshi dominate the market, with Polymarket holding over 37% and Kalshi over 26% of total trading volume.

Read more at Cointelegraph: Gemini To Exit UK, EU, and Australia To Focus on Business in US