Sweepstakes Casino MyPrize Takes a Punt on Prediction Markets With Crypto.com

In brief

  • MyPrize’s social gaming app will now feature Crypto.com prediction market contracts, joining distributors like Hollywood.com and Trump Media in the rapidly growing $2 billion+ weekly trading volume industry.
  • The deal reflects the convergence of social platforms and financial markets, as Crypto.com makes use of its CFTC-regulated derivatives exchange license to expand prediction market distribution.
  • Similar distribution deals are proliferating across the industry, with Kalshi joining with Robinhood and FanDuel launching its own prediction market app through CME.

Social gaming app MyPrize is taking a punt on prediction markets, signing a distribution deal with crypto exchange Crypto.com’s North American affiliate.

MyPrize will…

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