Crypto.com launches independent American prediction markets platform OG
Crypto journalist
We are there
Crypto journalist
Share
Crypto.com has spun off its prediction market business into a standalone platform called OG, marking a new push into one of the fastest-growing corners of digital finance and putting it in direct competition with Polymarket and Kalshi.
Key Takeaways:
Crypto.com Launches OG, US-Only Prediction Markets Built on CFTC-Regulated Derivatives Infrastructure
The spin follows explosive growth, Crypto.com reports a 40x weekly increase in forecast market activity over the past six months.
As major crypto and Wall Street players expand into event-based contracts, OG enters an increasingly competitive market.
OG, which went live this week, is powered by Crypto.com Derivatives North America (CDNA), an exchange registered with the CFTC and affiliated with Crypto.com.
The company stated that the platform is currently only available to users in the US, indicating that it is focused on operating within the country's regulated market structure.
Crypto.com OG spins after increased activity in the prediction market
The decision to launch OG as a separate platform follows rapid growth in Crypto.com's forecast market offerings.
The company first entered the space in 2024 and introduced its “sports event marketing” product to US consumers in December of that year. According to co-founder and CEO Chris Marszalek, the movement has picked up since then.
“Over the past six months, we've experienced 40x our weekly forecast market activity,” added Marszalek, adding that the momentum ensured a specific platform rather than keeping the product within the broader Crypto.com ecosystem.
OG is led by Crypto.com Chief Legal Officer Nick Lundgren, who will assume the role of CEO.
Lundgren described the prediction markets as a “deca-billion dollar industry,” indicating increasing demand from retail users and institutional players.
Still, the field is getting crowded. Coinbase partnered with Kalshi to launch a US-focused prediction market product in late January, while HyperLiquid recently announced plans to expand into event-driven markets.
The timing of OG's debut reflects a broader movement in the sector. Forecast markets grow from less than $100 million monthly in early 2024 to more than $13 billion by the end of 2025, according to industry data.
Combined volumes on Polymarket and Kalshi reached $37 billion last year as Wall Street and crypto companies explore new uses for event contracts beyond online betting.
Opposition to state prediction markets builds on consumer concerns.
Resistance in state-owned prediction markets has been building for months.
In the year By 2025, SWC urged the CFTC to ban sports event contracts, arguing that such products would bypass government safeguards such as age verification, responsible gaming laws and anti-money laundering.
According to reports, a new law that would limit the relationship between government officials and the construction market is being supported by more than 30 Democrats in the United States House of Representatives, including former Speaker Nancy Pelosi.
The controversial Polymarket bet behind the new bans started at $32,000 but eventually topped $400,000 shortly before the surprise arrest of Venezuelan President Nicolas Maduro.
A bill introduced by New York Representative Richie Torres is the Public Integrity in Financial Prediction Markets Act of 2026.
Trending news, recommended popular crypto topics, price predictions
