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Project Overview
Gemini is a digital asset exchange and custodial services company that enables users to buy, sell, and store cryptocurrencies.
CFTC Sues New York State to Seize Regulatory Dominance over Prediction Markets
According to The Wall Street Journal, on April 27, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against New York State in the U.S. District Court for the Southern District of New York, seeking a court ruling that the CFTC holds exclusive regulatory authority over prediction markets—aiming to halt New York State’s enforcement actions. Previously, New York State had filed lawsuits against cryptocurrency exchanges Coinbase and Gemini over their prediction market operations. Earlier this month, the CFTC also initiated similar lawsuits against Arizona, Illinois, and Connecticut, intensifying jurisdictional disputes between federal and state regulatory agencies.
CFTC sues New York state to prevent it from applying gambling laws to prediction market applications
the CFTC has filed a lawsuit in the U.S. District Court for the Southern District of New York, aiming to prevent New York state from enforcing its gambling laws on federally regulated prediction market platforms. The CFTC argues that federal law grants it exclusive regulatory authority over such markets and is seeking a permanent injunction against New York's enforcement actions. CFTC Chairman Michael Selig stated that registered exchanges face multiple state-level lawsuits, which undermine the CFTC's sole regulatory authority over prediction markets. Previously, New York state had sued Binance and Gemini, alleging their products violated state gambling rules, and had also requested Kalshi to cease certain sports-related contracts. Currently, 37 states and Washington D.C. have submitted amicus briefs supporting Massachusetts' enforcement against Kalshi, arguing that federal law has not legalized sports betting and has not abolished the states' historical regulatory powers.
Coinbase Moves New York Prediction Market Lawsuit to Federal Court
According to Cointelegraph, Coinbase Chief Legal Officer Paul Grewal stated that the company has removed the lawsuit filed against it by New York Attorney General Letitia James—regarding its prediction markets business—from state court to federal court, citing a substantial federal legal question concerning the regulation of event contracts. The lawsuit also involves Gemini Titan. New York alleges that the relevant prediction market products violate the state’s gambling laws and seeks penalties, disgorgement of alleged illegal profits, user compensation, and an injunction prohibiting the offering of similar products in New York without compliance with state law.
New York Attorney General Sues Coinbase and Gemini, Alleging Prediction Market Platforms Engage in Illegal Gambling
According to The Block, New York State Attorney General Letitia James filed a lawsuit against Coinbase and Gemini on Tuesday, accusing both companies of violating New York’s gambling laws through their prediction market platforms and permitting users aged 18 to 21 to participate—despite New York law requiring participants in mobile sports betting to be at least 21 years old. The state is seeking at least $2.2 billion in damages from Coinbase and at least $1.2 billion from Gemini, along with civil penalties, refunds to users, and forfeiture of illicit proceeds. In response, Coinbase Chief Legal Officer Paul Grewal stated that prediction markets fall under the regulatory authority of the U.S. Commodity Futures Trading Commission (CFTC), and the company will continue defending federal regulatory jurisdiction. The dispute over regulatory authority for prediction markets has now increasingly moved into the judicial arena; the CFTC has previously sued several state governments attempting to shut down such platforms.
New York Attorney General Sues Coinbase and Gemini, Alleging Prediction Markets Constitute "Illegal Gambling"
Odaily News Letitia James has filed lawsuits against Coinbase and Gemini, alleging that they provide "disguised gambling" services through their prediction market platforms, violating New York state law.Regulators argue that this type of trading based on event outcomes (such as sports, elections) is essentially a form of gambling activity. They particularly question the platforms allowing participation from users aged 18 to 21, while New York law sets the minimum age for sports betting at 21. Prosecutors are seeking substantial fines and the disgorgement of profits, including claims of at least $2.2 billion from Coinbase and at least $1.2 billion from Gemini.The two companies have not yet formally responded, but Coinbase stated that prediction markets are regulated by the Commodity Futures Trading Commission, implying their legality falls under federal jurisdiction.
ZetaChain team launches AI aggregation platform Anuma, now officially live
Anuma, an AI aggregation platform launched by the ZetaChain team, is now officially live. It supports invoking multiple models including GPT, Claude, Gemini, Grok, DeepSeek, Kimi, Qwen, etc., on a single platform and provides a cross-model unified memory system.According to the introduction, Anuma emphasizes local privacy storage, multi-model collaboration, and unified context memory functionality, and its web interface is now open for use.
Gate Launches GateRouter Enterprise Account Feature, Closing the Loop on AI Usage and Governance
: Gate has announced the launch of the GateRouter enterprise account feature, which strengthens enterprise-level management capabilities on top of the existing AI model gateway, providing an integrated AI usage and governance solution for teams and institutional users. GateRouter supports rapid access to over 30 mainstream models including GPT, Claude, DeepSeek, and Gemini via a single API, and automatically matches models based on task complexity. Through intelligent routing that automatically selects cost-effective models, GateRouter can help enterprises significantly reduce costs and achieve more efficient large-scale deployment.The launch of this GateRouter enterprise account feature focuses on optimizations across three dimensions: cost, permissions, and data. It enables unified billing through a shared quota pool, and controls budgets via a three-tier limit mechanism for organizations, members, and API Keys. It supports up to 4-level organizational structures and a multi-role permission system for refined management. Additionally, it provides multi-dimensional statistics on per-user usage, model distribution, and API Key activity, making AI usage traceable and analyzable. The overall design integrates model calls with organizational management, providing foundational support for the large-scale deployment of AI within enterprises.
CFTC sues New York state to prevent it from applying gambling laws to prediction market applications
the CFTC has filed a lawsuit in the U.S. District Court for the Southern District of New York, aiming to prevent New York state from enforcing its gambling laws on federally regulated prediction market platforms. The CFTC argues that federal law grants it exclusive regulatory authority over such markets and is seeking a permanent injunction against New York's enforcement actions. CFTC Chairman Michael Selig stated that registered exchanges face multiple state-level lawsuits, which undermine the CFTC's sole regulatory authority over prediction markets. Previously, New York state had sued Binance and Gemini, alleging their products violated state gambling rules, and had also requested Kalshi to cease certain sports-related contracts. Currently, 37 states and Washington D.C. have submitted amicus briefs supporting Massachusetts' enforcement against Kalshi, arguing that federal law has not legalized sports betting and has not abolished the states' historical regulatory powers.
Google DeepMind Releases Gemini Robotics-ER 1.6
Odaily News Google DeepMind has released Gemini Robotics-ER 1.6, positioned as a high-level reasoning model for robots. Compared to its predecessor ER 1.5 and Gemini 3.0 Flash, it shows significant improvements in spatial reasoning and multi-view understanding. The model is now available to developers via the Gemini API and Google AI Studio. The core upgrades include three key capabilities:1. Enhanced pointing accuracy: Can be used for precise object detection, counting, spatial relationship reasoning (e.g., "point to all objects that can fit into the blue cup"), and motion trajectory planning. It can also correctly refuse to point to objects that do not exist in the scene.2. Multi-view success detection: Robots can now integrate views from multiple camera feeds to determine if a task is completed, maintaining accuracy even in occluded or dynamic environments.3. New instrument reading capability: Can interpret various industrial instruments such as circular pressure gauges, vertical level indicators, and digital displays. It achieves step-by-step reasoning through agentic vision (visual reasoning + code execution): first zooming in on detail areas, then calculating proportions and intervals via pointing and code, and finally combining world knowledge to derive the reading.
Insider: Gemini plans to convert the Winklevoss brothers’ ~$330 million loan into equity
According to Bloomberg, Gemini (GEMI), the cryptocurrency exchange founded by the Winklevoss twins, has seen its market value more than halved this year, with its stock price down over 50% year-to-date. The company has laid off approximately 30% of its workforce and exited major overseas markets including the UK, the EU, and Australia, significantly increasing its financial pressure. According to sources familiar with the matter, Gemini is internally discussing a proposal to request that its founder-twins waive—or convert into equity—the roughly $330 million in loans they extended to the company. These loans were primarily provided through Winklevoss Capital Fund LLC. As of December 31, 2025, Gemini still owed 4,619 bitcoins (valued at over $330 million at the time). As the company’s primary controlling shareholders, the twins’ approval of such a move would directly impact Gemini’s capital structure. Following the report’s publication, Gemini’s stock price surged nearly 9% temporarily, though it remains sharply down for the year. The company has previously weathered executive departures, a strategic pivot toward prediction markets, and shareholder lawsuits; this latest focus on loan restructuring further underscores the ongoing impact of the crypto winter on exchanges.
Bitget Wallet Launches New AI Subscription Campaign with Up to 100% Cashback
Bitget Wallet has announced a new AI subscription cashback campaign, covering mainstream AI tools such as ChatGPT, Cursor, Gemini, and Grok. The campaign aims to address long-standing issues faced by Chinese-speaking users in everyday AI subscription scenarios—including payment failures, unstable card binding, and subscription renewals being interrupted. The campaign runs from April 9 to April 30. During this period, new users who activate the Bitget Wallet Card and complete their first eligible AI subscription will receive 50% cashback—up to $10 per transaction. If they successfully invite one new user to activate the card and complete their first AI subscription purchase, the cashback rate for the inviter’s first transaction increases to 100%, with a maximum total cashback of $20. Additionally, existing users who participated in the March AI subscription cashback campaign will be eligible for 50% cashback—up to $10 per transaction—upon completing their first AI subscription purchase during this campaign and successfully inviting one new user to make their first purchase; if they invite two new users, the cashback rate rises to 100%, with a maximum total cashback of $20.
Related news
ZetaChain team launches AI aggregation platform Anuma, now officially live
Anuma, an AI aggregation platform launched by the ZetaChain team, is now officially live. It supports invoking multiple models including GPT, Claude, Gemini, Grok, DeepSeek, Kimi, Qwen, etc., on a single platform and provides a cross-model unified memory system.According to the introduction, Anuma emphasizes local privacy storage, multi-model collaboration, and unified context memory functionality, and its web interface is now open for use.
CFTC Sues New York State to Seize Regulatory Dominance over Prediction Markets
According to The Wall Street Journal, on April 27, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against New York State in the U.S. District Court for the Southern District of New York, seeking a court ruling that the CFTC holds exclusive regulatory authority over prediction markets—aiming to halt New York State’s enforcement actions. Previously, New York State had filed lawsuits against cryptocurrency exchanges Coinbase and Gemini over their prediction market operations. Earlier this month, the CFTC also initiated similar lawsuits against Arizona, Illinois, and Connecticut, intensifying jurisdictional disputes between federal and state regulatory agencies.
Gate Launches GateRouter Enterprise Account Feature, Closing the Loop on AI Usage and Governance
: Gate has announced the launch of the GateRouter enterprise account feature, which strengthens enterprise-level management capabilities on top of the existing AI model gateway, providing an integrated AI usage and governance solution for teams and institutional users. GateRouter supports rapid access to over 30 mainstream models including GPT, Claude, DeepSeek, and Gemini via a single API, and automatically matches models based on task complexity. Through intelligent routing that automatically selects cost-effective models, GateRouter can help enterprises significantly reduce costs and achieve more efficient large-scale deployment.The launch of this GateRouter enterprise account feature focuses on optimizations across three dimensions: cost, permissions, and data. It enables unified billing through a shared quota pool, and controls budgets via a three-tier limit mechanism for organizations, members, and API Keys. It supports up to 4-level organizational structures and a multi-role permission system for refined management. Additionally, it provides multi-dimensional statistics on per-user usage, model distribution, and API Key activity, making AI usage traceable and analyzable. The overall design integrates model calls with organizational management, providing foundational support for the large-scale deployment of AI within enterprises.
CFTC sues New York state to prevent it from applying gambling laws to prediction market applications
the CFTC has filed a lawsuit in the U.S. District Court for the Southern District of New York, aiming to prevent New York state from enforcing its gambling laws on federally regulated prediction market platforms. The CFTC argues that federal law grants it exclusive regulatory authority over such markets and is seeking a permanent injunction against New York's enforcement actions. CFTC Chairman Michael Selig stated that registered exchanges face multiple state-level lawsuits, which undermine the CFTC's sole regulatory authority over prediction markets. Previously, New York state had sued Binance and Gemini, alleging their products violated state gambling rules, and had also requested Kalshi to cease certain sports-related contracts. Currently, 37 states and Washington D.C. have submitted amicus briefs supporting Massachusetts' enforcement against Kalshi, arguing that federal law has not legalized sports betting and has not abolished the states' historical regulatory powers.
Coinbase Moves New York Prediction Market Lawsuit to Federal Court
According to Cointelegraph, Coinbase Chief Legal Officer Paul Grewal stated that the company has removed the lawsuit filed against it by New York Attorney General Letitia James—regarding its prediction markets business—from state court to federal court, citing a substantial federal legal question concerning the regulation of event contracts. The lawsuit also involves Gemini Titan. New York alleges that the relevant prediction market products violate the state’s gambling laws and seeks penalties, disgorgement of alleged illegal profits, user compensation, and an injunction prohibiting the offering of similar products in New York without compliance with state law.
New York Attorney General Sues Coinbase and Gemini, Alleging Prediction Market Platforms Engage in Illegal Gambling
According to The Block, New York State Attorney General Letitia James filed a lawsuit against Coinbase and Gemini on Tuesday, accusing both companies of violating New York’s gambling laws through their prediction market platforms and permitting users aged 18 to 21 to participate—despite New York law requiring participants in mobile sports betting to be at least 21 years old. The state is seeking at least $2.2 billion in damages from Coinbase and at least $1.2 billion from Gemini, along with civil penalties, refunds to users, and forfeiture of illicit proceeds. In response, Coinbase Chief Legal Officer Paul Grewal stated that prediction markets fall under the regulatory authority of the U.S. Commodity Futures Trading Commission (CFTC), and the company will continue defending federal regulatory jurisdiction. The dispute over regulatory authority for prediction markets has now increasingly moved into the judicial arena; the CFTC has previously sued several state governments attempting to shut down such platforms.