Crypto.com has spun out its prediction markets enterprise right into a standalone platform referred to as OG, marking a recent push into one of many fastest-growing corners of digital finance and placing it in direct competitors with Polymarket and Kalshi.
Key Takeaways:
- Crypto.com has launched OG as a standalone, US-only prediction markets platform constructed on its CFTC-regulated derivatives infrastructure.
- The spinout follows explosive progress, with Crypto.com reporting 40x weekly will increase in prediction market exercise over the previous six months.
- OG enters an more and more aggressive market as main crypto and Wall Avenue gamers broaden into event-based contracts.
OG, which went stay this week, is powered by Crypto.com Derivatives North America (CDNA), a CFTC-registered trade and clearinghouse affiliated with Crypto.com.
The corporate mentioned the platform is at the moment accessible solely to customers in the US, underscoring its concentrate on working throughout the nation’s regulated market construction.
Crypto.com Spins Out OG After Surge in Prediction Market Exercise
The choice to launch OG as a separate platform follows speedy progress in Crypto.com’s prediction market choices.
The agency first entered the house in 2024 and rolled out a “sports activities occasion buying and selling” product for US customers in December of that 12 months. In keeping with co-founder and CEO Kris Marszalek, exercise has surged since then.
“We’ve skilled 40x weekly progress in our prediction market enterprise over the past six months,” Marszalek mentioned, including that the tempo justified a devoted platform relatively than protecting the product bundled inside Crypto.com’s broader ecosystem.
OG might be led by Nick Lundgren, Crypto.com’s chief authorized officer, who takes on the function of CEO.
Lundgren described prediction markets as a “deca-billion greenback trade,” pointing to rising curiosity from each retail customers and institutional gamers.
We’re excited to formally unveil the brand new period of prediction markets for sports activities followers with the launch of OG! Make your name now at https://t.co/X9D1s2StPQ.
Learn extra right here: https://t.co/a2FrohML3B pic.twitter.com/6suaOYy1yL— Crypto.com (@cryptocom) February 3, 2026
Nonetheless, the sphere is turning into more and more crowded. Coinbase launched a US-focused prediction market product in partnership with Kalshi in late January, whereas Hyperliquid not too long ago outlined plans to broaden into event-based markets.
The timing of OG’s debut displays broader momentum throughout the sector. Prediction markets have grown from lower than $100 million in month-to-month quantity in early 2024 to greater than $13 billion by the tip of 2025, in response to trade knowledge.
Mixed volumes on Polymarket and Kalshi alone reached $37 billion final 12 months, as Wall Avenue and crypto corporations alike discover new makes use of for occasion contracts past on-line betting.
State Opposition to Prediction Markets Builds Over Shopper Considerations
State opposition to prediction markets has been constructing for months.
In 2025, the SWC urged the CFTC to ban sports activities occasion contracts, arguing that such merchandise bypass state safeguards comparable to age verification, accountable gaming guidelines and anti-money laundering necessities.
As reported, a brand new laws to restrict the interactions between authorities officers and the prediction markets is being supported by greater than 30 Democrats within the US Home of Representatives, together with former Speaker Nancy Pelosi.
The lure behind new restrictions is a controversial Polymarket wager, which began as a wager of $32,000 however finally turned greater than $400,000 shortly earlier than the surprising detention of Venezuelan President Nicolás Maduro.
The invoice proposed by the New York Consultant Ritchie Torres is the Public Integrity in Monetary Prediction Markets Act of 2026.
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