Gemini Taps Grok for Custom AI-Powered Prediction Markets

The tool is powered by Grok, the AI model created by SpaceXAI, a division of Musks rocket-building company SpaceX that runs Grok and the social media website X.

Gemini is one of several crypto exchanges expanding beyond spot and derivatives trading into prediction markets and AI amid a crypto market slump that has caused trading volumes and profits to sink.

Last month, Gemini introduced a feature letting users connect AI models like ChatGPT and Claude to their trading accounts to autonomously monitor markets and even execute trades on their behalf.

Gemini prediction markets revenue hits $400,000 in Q1

Gemini said in its first quarter results released earlier this month that its prediction markets platform made a revenue of $400,000 from 20,000 users, a fraction of the revenue and users recorded on market leaders Kalshi and Polymarket.

Gemini reported a 42% year-on-year increase in revenue to $50.3 million for the quarter as it continued expanding from a crypto-native trading platform into a financial services company.

Gemini also managed to trim its quarterly net loss by 27% year-on-year to $109 million.

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