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. The deal, announced on Sept. 1, was executed by Prospect’s indirect wholly owned subsidiary, Prospect Brokerage USA LLC, together with OG Prediction Markets and Crypto.com | Derivatives North America (CDNA). Prospect is targeting a third-quarter rollout ahead of the NFL and NBA seasons.
Under the arrangement, Prospect Brokerage will operate as a CFTC-registered introducing broker, distributing event contracts listed on CDNA, a CFTC-registered designated contract market and derivatives clearing organization. Customer introductions will flow through Crypto.com affiliate Foris DAX FCM LLC, operating as OG Broker and registered as a futures commission merchant. The structure allows Prospect to access federally regulated trading and clearing infrastructure instead of building its own exchange and clearing operation. Crypto.com launched the OG platform in February, offering CFTC-regulated contracts tied to sports, financial markets and other real-world events.
Prospect Markets founder and CEO Johnny Chen called the definitive agreement a “company-defining milestone,” adding: “We intend to be live for sports fans ahead of the upcoming NFL and NBA seasons.” Crypto.com Chief Legal Officer Steve Humenik said the partnership would use the company’s CFTC-registered clearing and exchange infrastructure to provide regulated event contracts to U.S. customers.
The move follows rapid growth in prediction markets. Industry estimates put annual prediction-market volume at roughly $9 billion in 2024, about $40 billion in 2025, and more than $50 billion in monthly sector volume by June 2026. Sports contracts have driven much of that expansion, with sports representing roughly 85% of trading volume on the sector’s largest platform during June. Prospect cited Bernstein estimates that prediction market trading could reach about $240 billion in 2026 and around $1 trillion annually by 2030.
Regulatory treatment remains uneven. In the U.S., the CFTC moved in June 2026 toward a contract-by-contract public-interest test rather than blanket bans, while several states continued legal challenges; a federal judge in Wisconsin rejected a CFTC request to block state gambling enforcement against federally regulated operators. In Europe, ESMA confirmed on July 3, 2026, that event contracts functioning as financial instruments fall under the existing binary-options ban, effectively barring EU retail distribution. The U.K., Poland, Singapore, Belgium, Portugal, France, Italy and Australia have also moved to limit or ban major platforms.
