Gemini reports 42% revenue growth, prediction market metrics

Gemini's shares experienced a significant surge following the announcement of a 42% year-over-year revenue increase, reaching $50.3 million in the first quarter. This growth was primarily driven by its credit card segment, which saw a remarkable 300% rise and now constitutes nearly half of the company's total revenue. Additionally, Gemini unveiled its first performance metrics for its prediction market platform, which launched in December. The platform has already facilitated over 100 million contract trades and attracted more than 20,000 users, generating $400,000 in revenue.