- Gemini has integrated SpaceXAI‘s Grok model to power a new AI feature for its prediction markets.
- The “Command Center” curates personalized feeds based on a user’s trading activity and interests.
- This expansion into AI and prediction markets comes as Gemini reported a 42% year-on-year revenue increase to $50.3 million for Q1.
- The exchange’s prediction markets platform generated $400,000 in revenue from 20,000 users last quarter.
Gemini crypto exchange announced on Thursday a partnership with Elon Musk‘s SpaceXAI to launch an Artificial Intelligence-powered tool for its prediction markets. The new “Command Center” is designed to show users personalized market feeds based on their open positions and watchlists.
This feature surfaces intelligence across crypto, sports, and politics by learning from user behavior. “Rather than forcing you to dig through social feeds to find what’s relevant, Command Center meets you where you are,” Gemini said. The tool is powered by Grok, the AI model created by the SpaceX division.
Consequently, this move is part of a broader expansion beyond traditional trading. Several crypto exchanges are delving into prediction markets and AI amid a broader market slump that has reduced volumes.
Meanwhile, Gemini introduced another AI feature last month. This allowed users to connect models like ChatGPT to autonomously monitor and execute trades.
Financial results released earlier this month provide context for this strategic pivot. Gemini reported its prediction markets platform made $400,000 in revenue from 20,000 users in the first quarter.
However, this figure remains a fraction of the revenue recorded by market leaders. The exchange’s overall quarterly revenue grew 42% year-on-year to $50.3 million.
The company also managed to reduce its quarterly net loss by 27% to $109 million. This performance indicates its ongoing transition from a crypto-native platform into a broader financial services company.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
