Prospect Markets, Crypto.com seal deal for U.S. prediction markets platform

Prospect Markets has signed a definitive agreement with Crypto.com’s U.S. derivatives business and OG Prediction Markets to launch a regulated sports-focused prediction market platform in the United States, with the company targeting a third-quarter rollout ahead of the NFL and NBA seasons. Summary Prospect Markets signed a definitive agreement with Crypto.com and OG Prediction Markets to offer regulated event contracts to U.S. customers. Prospect Brokerage will distribute contracts offered by Crypto.com’s CFTC registered derivatives exchange through OG Broker. The company is targeting a third quarter launch ahead of the upcoming NFL and NBA seasons. Prospect cited Bernstein estimates that prediction market volumes could reach $240 billion in 2026 and around $1 trillion annually by 2030. Prospect Markets said on Sept. 1 that its indirect wholly owned subsidiary, Prospect Brokerage USA LLC, executed the agreement with OG Prediction Markets and Crypto.com | Derivatives North America, or CDNA, moving the partnership beyond a previously announced nonbinding letter of intent. The arrangement will allow Prospect Brokerage to distribute event contracts offered by OG.com and CDNA to U.S. c...