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Published May 12, 2026
Gemini sold investors a bold vision. A global crypto platform. Expanding users. Expanding markets. Real growth.
But key risks weren’t disclosed.
In September 2025, Gemini went public, raising nearly $400 million and highlighting plans to grow its core exchange and expand internationally. By November, executives were still emphasizing global expansion and user growth. Then in December, they introduced a new initiative: prediction markets.
And in February 2026, everything flipped.
Gemini announced a major shift in its business. It slashed about 25% of its workforce. It exited major international markets. Then several top executives departed.
Investors were blindsided. The stock fell sharply. Confidence collapsed.
Now, more investors are joining the lawsuit.