Global cryptocurrency exchange and trading services company Crypto.com is set to unveil a standalone prediction markets platform just days before the Super Bowl, marking a strategic move into federally regulated event-based contracts. According to sources, the new platform, called OG, has been developed in response to significant growth in Crypto.com’s predictions segment.
The company has reported a staggering 40-fold increase in activity related to event contracts over the past six months, with this surge highlighting the need for a dedicated venue focused solely on predictions. Kris Marszalek, Co-Founder and CEO of Crypto.com, emphasized the evolution of the company’s offerings, establishing OG as a predictions-only exchange that distinguishes these event contracts from Crypto.com’s wider trading services.
Along with traditional prediction markets, OG is designed to offer innovative features, including the ability for users to engage in leveraged and margin trading specifically on prediction contracts. This expansion not only enhances Crypto.com’s product lineup but also positions it to tap into the growing interest in prediction markets among cryptocurrency traders and enthusiasts.
