Crypto.com has expanded its presence in the U.S. prediction markets sector with the launch of OG, a standalone platform dedicated to trading contracts tied to real-world outcomes. The company announced the rollout on Tuesday, positioning OG as a sports-focused prediction market experience supported by federal regulatory infrastructure and designed to operate independently from Crypto.com’s core app.

OG is powered by Crypto.com Derivatives North America (CDNA), which is registered with the Commodity Futures Trading Commission as both an exchange and a clearinghouse. Through CDNA, the platform offers federally regulated event contracts tied to major sporting competitions such as the Super Bowl and March Madness, while also covering outcomes in finance, politics, entertainment, and cultural events. Users can access the platform through a mobile app or via the web.

A standalone platform built on prior growth

Crypto.com has offered prediction markets for several years through its primary app and through partnerships with other companies. These include supplying prediction markets to Underdog beginning last summer, collaborating with Fanatics Betting and Gaming on Fanatics Markets, and providing event contracts to non-gaming partners such as Hollywood.com and President Donald Trump’s Truth Social. The decision to launch a separate platform followed sustained growth in this segment of the business.

“Crypto.com successfully built one of the largest brands and best app experiences in cryptocurrency during a period of hypergrowth amid a complex regulatory landscape, and now we will work to replicate this experience with OG in the prediction market space,” said Kris Marszalek, Co-Founder and CEO of Crypto.com. “We’ve experienced 40x weekly growth in our prediction market business over the last six months. This type of growth warrants a concerted effort with a standalone platform. Our goal is to establish OG as the premier sports prediction market technology with the best customer experience.”

According to the company, OG aggregates market-driven probabilities and displays continuously updated forecasts that reflect crowd-based expectations. The platform also includes peer-to-peer engagement tools, user interaction features, and an integrated leaderboard that tracks activity across markets.

Margin trading and leadership structure

Crypto.com said OG intends to become the first publicly launched prediction market platform to provide margin trading on event contracts. The feature will be offered through CDNA’s federally licensed futures commission merchant and will allow users to take positions larger than their deposited funds by borrowing capital. The company has framed the option as one designed for more experienced traders.

Nick Lundgren has been appointed CEO of OG while continuing to serve as Crypto.com’s chief legal officer. He previously led the effort that resulted in the company offering the first CFTC-regulated sports event contracts in the United States in December 2024.

“Crypto.com was the first company to offer federally licensed sports prediction contracts in the United States, so launching OG is very fitting,” said Lundgren. “We have tremendous momentum and expertise to establish OG as a market leader for consumers in this deca-billion dollar industry and have had excellent success with our prediction markets partners.”

Lundgren added, “Sports are the natural hub of prediction markets, and we see a massive opportunity to provide fans with an all-encompassing platform where it pays to be right. I am thrilled to be leading OG and establishing this new era of prediction markets that will include parlays, margin trading, and a dynamic social layer.”

Market access, incentives, and regulatory backdrop

At launch, OG is focused exclusively on the U.S. market, with potential international expansion planned for a later date. Crypto.com has not specified which states will have access to the platform. As of mid-December, the company confirmed it did not offer sports contracts in Arizona, Michigan, Maryland, Massachusetts, Illinois, New Jersey, Nevada, or Ohio. Regulators in those states have challenged prediction markets by classifying them as unlicensed sports betting, and Crypto.com has faced cease-and-desist orders and litigation in some jurisdictions.

The company stated that OG will operate with consumer protections and tools designed to help users manage exposure and trade responsibly, though it did not provide operational details. It also announced a launch incentive, offering the first one million registered users up to $500 in rewards.

OG’s debut comes amid broader industry coordination around federal oversight. Crypto.com is among the firms that have joined the Coalition for Prediction Markets, alongside Kalshi, Robinhood, Coinbase, and Underdog, to support consistent regulation under the CFTC.