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…