What to know:
- Crypto.com launched OG, a U.S.-focused prediction market app powered by its CFTC-regulated affiliate CDNA.
- Users can trade on sports, financial, political, and entertainment event outcomes.
- First one million users can get up to $500 in rewards; margin trading is planned.
Crypto.com has launched a new prediction market app called OG, built specially for users in the United States. The new platform lets people trade on the outcome of real-world events such as sports matches, economic data, politics, entertainment, and cultural moments. The app is powered by Crypto.com’s U.S. affiliate, Crypto.com Derivatives North America (CDNA), which is registered with the Commodity Futures Trading Commission (CFTC).
The company says OG is designed to feel like a simple consumer app while also offering strong safeguards and regulated contracts. It mixes event trading with social features, allowing users to interact with others, share opinions, and climb leaderboards based on their performance.
What OG Offers Users
OG allows users to take positions on what they think will happen in upcoming events. For example, users can trade on outcomes like the winner of the Super Bowl, March Madness games, economic indicators, or major entertainment awards. The platform shows crowd-based probability forecasts that update in real time. This gives users a clear view of what the wider market thinks is likely to happen next.
Crypto.com says OG offers one of the widest ranges of regulated sports event contracts available in the U.S. Along with sports, users can also trade event contracts tied to financial, political, and cultural topics. To attract early users, OG is offering rewards of up to $500 to the first one million people who sign up.
First Prediction Market App Planning Margin Trading
One of OG’s biggest planned features is margin trading for prediction contracts. This would allow users to trade with borrowed funds, which can increase both gains and losses. If approved, OG would become the first prediction market platform to offer this feature through a federally licensed futures commission merchant connected to CDNA. The company said these margin-based products will be introduced after the required certifications are completed.
The technology and back-end operations behind OG are run through CDNA, which is a registered exchange and clearinghouse in the U.S. Crypto.com acquired CDNA in 2022 in what was then one of the largest deals in the crypto industry. Crypto.com says OG uses the same security and compliance systems that support its main crypto platform. The company added that user protection and responsible trading tools are built into the experience.
Leadership and Growth Plans
Nick Lundgren has been named CEO of OG. He also serves as Chief Legal Officer at Crypto.com and previously helped lead the company’s move into federally regulated sports event contracts in late 2024.
According to company leadership, Crypto.com’s prediction market business has grown rapidly over the past six months, with weekly activity increasing many times over. Because of this fast growth, the company decided to launch a separate, dedicated app instead of keeping prediction markets inside its main platform. Executives say sports will be the main focus at first, especially around major events like the Super Bowl and college basketball tournaments. Over time, the platform will expand further into politics, entertainment, and company-related events.
Final Thoughts
OG will also include a VIP program tied to Crypto.com’s major sports and entertainment partnerships. These include connections with large venues and leagues such as Crypto.com Arena, UFC, Formula 1, and the UEFA Champions League. The company plans to offer special experiences and rewards through these partnerships.
OG is headquartered in the United States and is currently focused on the U.S. market. Users can download the app through the Apple App Store, Google Play Store, or use the web version. Crypto.com says global expansion is planned for a later stage.
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