Crypto.com Unveils US Prediction Markets Platform as Legal Pressure Mounts on Rivals

In brief

• Crypto.com has launched OG, a standalone prediction markets platform offering CFTC-regulated sports event contracts and margin trading capabilities.
• Nick Lundgren, Crypto.com’s Chief Legal Officer, will serve as CEO of OG while the company reports 40x weekly growth in prediction markets over six months.
• Multiple states have begun enforcement actions against Kalshi, Polymarket, Crypto.com, and Robinhood over unlicensed sports wagering allegations.