Crypto.com Launches OG Prediction Market Platform in the U.S.

• Crypto.com launches OG to expand U.S. access to CFTC-regulated sports and event-based prediction markets.
• OG combines event contract trading with social features, positioning sports as the core entry point.
• Platform plans to add margin-based prediction contracts under existing U.S. derivatives regulations. 

Crypto.com has launched OG, a standalone prediction market platform designed to offer U.S. users access to regulated event-based contracts across sports and other categories. 

According to the report, OG will operate as a consumer-facing platform that will allow users to trade on the outcomes of real-world events. These include major U.S. sports tournaments such as the Super Bowl and March Madness, as well as selected financial, political, cultural, and entertainment events. According to the company, OG aggregates market-based probabilities into continuously updated forecasts, reflecting real-time market sentiment.

OG Platform and Market Structure

OG is powered by Crypto.com | Derivatives North America (CDNA), a U.S.-based exchange and clearinghouse registered with the Commodity Futures Trading Commission. The platform provides access to CFTC-regulated sports event contracts and additional event-based markets.

Users can trade contracts directly within the OG app while also engaging with other participants through social features that allow interaction, discussion, and leaderboard rankings. The platform is structured to combine trading functionality with community engagement, positioning sports markets as the primary entry point for users.

Crypto.com stated that the first one million OG users will be eligible for rewards of up to $500, though specific distribution terms were not detailed.

Planned Expansion Into Margin Trading

OG plans to introduce margin-based prediction contracts through Crypto.com’s federally licensed futures commission merchant. Once implemented, this offering would allow eligible users to trade prediction contracts using margin, a feature the company says has not previously been available on prediction market platforms.

The margin contracts would be offered through CDNA’s existing regulatory framework, expanding the scope of products accessible on OG while remaining within U.S. derivatives rules.

Leadership and U.S. Market Focus

Crypto.com appointed Nick Lundgren as CEO of OG. Lundgren also serves as Chief Legal Officer of Crypto.com and previously led the launch of the company’s CFTC-regulated sports event contracts in December 2024 as president of CDNA. He was also involved in Crypto.com’s acquisition of CDNA in 2022.

OG will be headquartered in the United States and will initially focus on the U.S. market. The company said it plans to pursue international expansion at a later stage.

Related: Kalshi and Crypto.com Launch Coalition to Keep Prediction Markets Federal