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Crypto.com has launched OG, a prediction market platform that enables users to trade on the likelihood of real-world events across sports, finance, politics, culture and entertainment. The first one million users to sign up will receive up to $500 in rewards.
The platform is powered and offered by Crypto.com | Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse and affiliate of Crypto.com. OG provides access to CFTC-regulated sports event contracts and additional event contracts covering financial, political, cultural and entertainment events.
Users can trade on outcomes ranging from the Super Bowl and March Madness winners to economic indicators and cultural trends. The platform aggregates market-driven probabilities into continuously updated forecasts.
OG also plans to provide access to CDNA's margin prediction contracts offering through Crypto.com's federally licensed futures commission merchant, which would make it the first prediction markets platform to offer margin trading.
Kris Marszalek, Co-Founder and Chief Executive Officer, Crypto.com
Kris Marszalek, Co-Founder and Chief Executive Officer, Crypto.com said:
"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. 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."
Nick Lundgren, Chief Executive Officer, OG
Nick Lundgren has been appointed Chief Executive Officer of OG. He also serves as Chief Legal Officer of Crypto.com, where he led the company's entrance with the nation's first CFTC-regulated sports event contracts in December 2024 as President of CDNA. Lundgren spearheaded Crypto.com's licensing and certification efforts and led the acquisition of CDNA in 2022.
Nick Lundgren, Chief Executive Officer, OG said:
"Crypto.com was the first company to offer federally licensed sports prediction contracts in the United States, so launching OG is very fitting. 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. 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."
The platform includes social engagement features allowing users to connect with other traders, share opinions and track their performance on leaderboards. OG is backed by Crypto.com's security and compliance infrastructure and offers consumer protections and tools to help manage exposure and trade responsibly.
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