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Gemini is exiting the UK, EU, and Australia, cutting its workforce by approximately 25% as it narrows its focus to the US market. This move comes after multiple layoffs since 2022, with the company citing a lack of demand in foreign markets.

Gemini's strategy emphasizes efficiency through automation, reducing headcount from a peak of about 1,100 in 2022. The company has received regulatory approval to launch a prediction market in the US and is exploring derivatives to enhance revenue. The exit aligns with legal developments, including the SEC's dismissal of a lawsuit related to the Gemini Earn program, allowing the firm to concentrate on fewer products and markets.