Close Menu
Cryprovideos
    What's Hot

    Floating-Level 8: Revolutionizing AI Coaching with Decrease Precision

    June 4, 2025

    Semler Scientific Acquires 185 Bitcoin, Growing Complete Holdings To 4,449 BTC

    June 4, 2025

    Cardano Developer IOG Flags Unconstitutional Conduct

    June 4, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Crypto.com Launches Sports activities Prediction Market in US, Beginning With Tremendous Bowl – Decrypt
    Crypto.com Launches Sports activities Prediction Market in US, Beginning With Tremendous Bowl – Decrypt
    Crypto News

    Crypto.com Launches Sports activities Prediction Market in US, Beginning With Tremendous Bowl – Decrypt

    By Crypto EditorDecember 23, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Crypto.com Launches Sports activities Prediction Market in US, Beginning With Tremendous Bowl – Decrypt

    Crypto.com rolled out a sports activities prediction market within the U.S. Monday amid a surge in playing on real-world occasions amongst digital asset holders. 

    The providing will serve a rising crop of crypto merchants who wish to wager on real-world occasions outcomes, leveraging Crypto.com’s reputation with sports activities followers within the U.S., Matt David, an organization spokesperson, informed Decrypt.

    “Sports activities have been an vital a part of our model, from F1 to UFC to the Crypto.com Area, and this can be a nice alternative to interact these sports activities followers on the Crypto.com app,” David stated.

    🏈 Predicting the result of The Huge Sport simply obtained much more attention-grabbing

    Flip right predictions into revenue with Sports activities Occasion Buying and selling, now accessible throughout the US 🇺🇸

    🏆 US$100 cost for every right occasion contract you personal
    ✔️ Easy Sure/No determination
    🔒 CFTC-regulated… pic.twitter.com/gUaHyycOnf

    — Crypto.com (@cryptocom) December 23, 2024

    Crypto.com’s sports activities platform is beginning with the Tremendous Bowl, marketed as “The Huge Sport” on the location, with customers capable of wager on one of many NFL groups nonetheless within the hunt for the season-ending playoffs.

    US-based Crypto.com prospects can wager on sports activities occasions utilizing any digital asset supported by the buying and selling platform, together with the alternate’s native Cronos token, he added. 

    The debut of the sports activities betting providing coincides with the launch of Crypto.com’s U.S. belief firm, which offers custody providers for purchasers within the U.S. and Canada.

    Prediction markets rise

    Digital asset holders have more and more flocked to prediction markets comparable to Polymarket and Kalshi to wager on real-world occasions in latest months, particularly after the U.S. election stoked speculative fervor amongst merchants. 

    US-based buying and selling platform Kalshi notched $132 million in betting quantity on the U.S. presidential election alone, getting an enormous enhance in deposits after launching assist for USDC final month. 

    In the meantime, Polymarket, which isn’t accessible to merchants within the U.S., recorded a file $3.6 billion in buying and selling quantity associated to the 2024 U.S. elections.

    However sports activities betting isn’t notably common on Kalshi or different buying and selling platforms within the U.S. that settle for crypto. That provides Crypto.com a possibility to serve crypto holders who take pleasure in playing on sports activities. 

    Sports activities betting within the U.S. is a large and rising market. In 2024, sports activities betting income stateside hit $14.30 billion, up from $0.48 billion in 2018, in response to Statista knowledge revealed in Could. 

    Crypto.com has gained traction with U.S. sports activities followers attributable to its giant investments into sports activities partnerships stateside. The corporate reportedly paid $700 million in 2021 to safe naming rights for the NBA Lakers’ residence area in Los Angeles.

    And extra broadly, the alternate has led most of its opponents in inking sports-related sponsorships. The buying and selling platform, alongside the now-shuttered FTX, accounted for 35.9% of all athletics sponsorships signed between 2021 and 2024, CoinGecko knowledge exhibits.

    Edited by Andrew Hayward

    Every day Debrief E-newsletter

    Begin each day with the highest information tales proper now, plus authentic options, a podcast, movies and extra.





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Crypto Funds Agency MoonPay Secures New York BitLicense – Decrypt

    June 4, 2025

    Why BlockDAG Is the Prime Presale Crypto: 150M Day by day Bonus Beats SPY & PEPETO

    June 4, 2025

    Odds for South Korea Crypto Reform Rise as Lee Jae-Myung Wins Presidency – Decrypt

    June 4, 2025

    Why Bitcoin is a Life Raft Amid Rising US Debt | US Crypto Information

    June 4, 2025
    Latest Posts

    Semler Scientific Acquires 185 Bitcoin, Growing Complete Holdings To 4,449 BTC

    June 4, 2025

    Worth predictions 6/4: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

    June 4, 2025

    Armstrong, Musk Slam U.S. Debt, Warn of Bitcoin Shift – Bitbo

    June 4, 2025

    Reality Social Seeks to Launch Spot Bitcoin ETF through NYSE Arca

    June 4, 2025

    An settlement in South Korea: new treasurer for Bitcoin

    June 4, 2025

    Shockingly Bullish Bitcoin Value Prediction Made by Legendary Enterprise Capitalist

    June 4, 2025

    South Korea’s new president races to approve Bitcoin ETFs for 16 million merchants

    June 4, 2025

    Moscow Trade Launches Bitcoin Futures For Certified Buyers

    June 4, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    YGG Unveils Onchain Guilds on Coinbase’s Base, Expands Blockchain Ecosystem within the Philippines – Decrypt

    November 20, 2024

    Chris Burniske Says All It Takes Is One Day for Crypto To Ignite Bullish Reversal – Right here’s What He Means – The Every day Hodl

    March 24, 2025

    Prime Crypto Market Maker Wintermute Opens New York Workplace Amid Trump Optimism: Report – The Day by day Hodl

    February 19, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.