Crypto.com Launches OG Prediction Market Platform in United States

TLDR

• Crypto.com launched OG, a standalone prediction market platform in the US powered by its CFTC-registered exchange CDNA
• The platform reported 40x weekly growth over six months, prompting the spinoff from Crypto.com’s main business
• OG will offer sports, financial, political, and cultural prediction markets with planned margin trading features
• Nick Lundgren, Crypto.com’s Chief Legal Officer, will serve as CEO of the new platform
• The launch comes as prediction market volumes grew 130-fold from under $100 million monthly in early 2024 to over $13 billion by end of 2025

Crypto.com announced the launch of OG, a new standalone prediction market platform available exclusively in the United States. The platform represents a spinoff of the company’s prediction markets business that first launched in December 2024.

OG is powered by Crypto.com Derivatives North America (CDNA), a Commodity Futures Trading Commission-registered exchange and clearinghouse. CDNA launched the first federally licensed sports prediction contracts in the US in December 2024.

The company reported 40x weekly growth in its prediction market business over the past six months. Kris Marszalek, co-founder and CEO of Crypto.com, said this growth level warranted creating a dedicated platform separate from the main exchange.

Nick Lundgren will serve as CEO of OG while maintaining his role as Chief Legal Officer at Crypto.com. Lundgren led the CDNA acquisition in 2022, which was the largest acquisition in crypto history at the time.

Platform Features and Markets

OG will offer CFTC-regulated sports event contracts along with markets covering financial, political, cultural, and entertainment events. The platform plans to become the first prediction market to offer margin trading on prediction contracts.

The first one million users who sign up will receive rewards of up to $500. The platform is currently only available to US users.

OG will include a VIP program connected to Crypto.com’s existing sports partnerships. These include Crypto.com Arena, UFC, Formula 1, and UEFA Champions League.

Industry Growth and Competition

The prediction market industry has experienced rapid expansion over the past year. Monthly volumes grew from less than $100 million in early 2024 to over $13 billion by the end of 2025, according to International Banker.

Market leaders Polymarket and Kalshi recorded $37 billion in combined prediction volumes during 2025. The two platforms raised $3.6 billion in equity investment last year.

Citizens Financial Group estimates prediction market firm revenues will grow from around $2 billion annually to over $10 billion by 2030. Lundgren described the sector as a “deca-billion dollar industry.”

OG enters a competitive market with several established players. Coinbase launched its own prediction market platform in partnership with Kalshi in late January.

Hyperliquid proposed plans to expand into prediction markets on Monday. The timing of OG’s launch coincides with increased regulatory attention to the sector.

Regulatory Environment

The CFTC announced last week it would develop new rules for the prediction market industry. OG will be headquartered in the United States and initially focused on that market.

The launch comes just days before the Super Bowl, positioning the platform to capture interest during one of the year’s biggest sporting events. Lundgren said sports serve as the natural hub of prediction markets.

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