Prospect Markets partners with Crypto.com to launch regulated U.S. sports prediction platform

Prospect Markets announced a definitive agreement with Crypto.com’s U.S. derivatives unit (CDNA) and OG Prediction Markets to offer regulated event contracts to U.S. customers. The partnership will enable Prospect Brokerage USA LLC to act as a CFTC‑registered introducing broker, distributing contracts listed on CDNA’s designated contract market through OG Broker.

Launch timeline and focus

The companies aim to go live in the third quarter of 2024, positioning the product for the upcoming NFL and NBA seasons. The offering will center on sports‑related event contracts, which have driven the majority of activity in the prediction‑market sector.

Regulatory structure

Under the agreement, Prospect Brokerage will connect customers to contracts listed by CDNA, while OG Broker (Foris DAX FCM LLC) will serve as the futures commission merchant. This structure leverages existing CFTC‑registered exchange and clearing infrastructure, avoiding the need for Prospect to build its own platform.

Market outlook

• Bernstein estimates prediction‑market trading volume could reach $240 billion in 2026 and about $1 trillion annually by 2030.
• Prospect cited sector data showing monthly notional volume rising from under $5 billion in September 2025 to over $50 billion in June 2026, driven largely by sports events such as the 2026 FIFA World Cup and NBA Finals.
• Sports contracts accounted for roughly 85 % of trading volume on the sector’s largest platform in June 2026.

Regulatory environment

Federal and state regulators continue to debate the classification of sports event contracts. While the CFTC treats them as derivatives, several state gaming authorities argue they constitute wagering and should be subject to state gambling laws. Recent court decisions have allowed state regulators to apply gambling rules to federally regulated prediction‑market operators.

Implications for Crypto.com

The deal adds a new distribution channel for Crypto.com’s regulated prediction products, which were launched on the OG platform in February. Crypto.com’s Chief Legal Officer highlighted the partnership as a step toward broader U.S. access to fully regulated event‑based markets.