Crypto.com Unveils US Prediction Markets Platform as Legal Pressure Mounts on Rivals

In brief

  • Crypto.com has launched OG, a standalone prediction markets platform offering CFTC-regulated sports event contracts and margin trading capabilities.
  • Nick Lundgren, Crypto.com’s Chief Legal Officer, will serve as CEO of OG while the company reports 40x weekly growth in prediction markets over six months.
  • Multiple states have begun enforcement actions against Kalshi, Polymarket, Crypto.com, and Robinhood over unlicensed sports wagering allegations.

Crypto.com unveiled a standalone prediction markets platform on Tuesday ahead of the Super Bowl, while the exchange and other prediction platforms confront legal actions from state regulators targeting competing event-contract offerings.

The platform, called OG, will offer…

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