Prospect Markets and Crypto.com reach agreement to build a U.S. forecasting market platform

Summary

Prospect Markets has signed a final agreement with Crypto.com and OG Prediction Markets to provide regulated event contracts to U.S. customers.

Prospect Brokerage will distribute contracts offered by Crypto.com's CFTC registered derivatives exchanges through OG Broker.

The company plans to launch in the third quarter ahead of upcoming NFL and NBA seasons.

Prospect cited Bernstein's estimates and predicted that market trading volume could reach US$240 billion in 2026 and about US$1 trillion per year by 2030.

Prospect Markets obtains regulated U.S. forecast market access

Prospect Markets said on September 1 that its indirect wholly-owned subsidiary, Prospect Brokerage USA LLC, has engaged with OG Prediction Markets and Crypto.com|Derivatives North America (CDNA) implemented the agreement, moving the partnership from a previously announced non-binding letter of intent to a formal stage.

This arrangement will allow Prospect Brokerage to distribute event contracts provided by OG.com and CDNA to U.S. customers, opening up the first channel for the Canadian-listed company to enter the fast-growing U.S. forecast markets business.

Prospect said the agreement cleared the way for the company to accept customers and start generating revenue from the product, and more details about the brand, marketing and exact launch date will be announced before the platform's official launch.

Under the agreement, Prospect Brokerage will operate as an introducing broker registered with the Commodity Futures Trading Commission (CFTC) and connect clients to event contracts listed in the CDNA. CDNA is a designated contract market and derivatives clearing organization registered by the CFTC. Prospect's customers will be introduced to these contracts through Foris DAX FCM LLC, an affiliate of Crypto.com(operating as OG Broker and registered as a futures commission dealer). This architecture allows Prospect to leverage existing federally regulated trading and clearing infrastructure without having to build its own exchange and clearing operations.

Crypto.com launched its OG platform in February to provide CFTC regulatory contracts related to sports, financial markets and other real-world events. The product combines predictive trading with social features and leaderboards, and contracts are available through the U.S. derivatives infrastructure at Crypto.com

Sports contracts drive forecast market volume

Prospect entered the field after sports trading helped drive forecast market volume to a record during the 2026 World Cup. According to data cited by Prospect, the total monthly transaction volume of major forecast platforms will increase from less than US$5 billion in September 2025 to approximately US$25.7 billion in May 2026. The company said monthly nominal trading volume exceeded $50 billion in June, driven by the World Cup and NBA Finals.

Prospect said sports transactions accounted for approximately 85% of transactions on the industry's largest platform in June. During the World Cup, the forecast market is estimated to account for 27% of legal sports betting transactions in the United States, compared with approximately 9% in early 2026.

[TAG[28] Previous reports have pointed out that the World Cup forecast market pushed industry activity up to about $45 billion in June, while Polymarket alone processed nearly $5 billion in event-related transactions. Chainalysis later estimated that from the start of the year to the end of the tournament, the World Cup generated $20 billion in transaction volume in the blockchain prediction market. More than 400,000 wallets participated, with $5.7 billion traded in the five weeks of the event. [TAG Prospect cites Bernstein's estimates, predicting market volumes could reach about $240 billion in 2026, up 370 percent from 2025, and climb to about $1 trillion a year by 2030. The research firm expects distribution cooperation, institutional participation and clearer federal rules to drive this growth. Bernstein made similar predictions when analyzing individual platforms. In June, the company estimated that Robinhood could generate $586 million in revenue from the forecast market in 2026, compared with $150 million in 2025, after World Cup events pushed daily trading volume to $4.8 billion.

Crypto.com expands distribution channels for its event contracts

The Prospect agreement adds another distribution channel to Crypto.com, which is pushing its regulated forecasting products beyond its own platforms. In May, Crypto.com and OG signed a multi-year partnership with the SailGP team in the United States to become their official cryptocurrency exchange and forecast market partners. The agreement allows fans to access SailGP contracts regulated by the CFTC through OG. It was also reported in July that Robinhood was discussing a deal that could bring the Crypto.com event contract to its prediction market center, but a final agreement had not been announced at the time.

Distribution agreements have become a common way for financial platforms seeking to enter the forecasting market without having to operate their own designated contract market. In August, Gemini Space Station and Apex Fintech Solutions signed a letter of intent under which Gemini Titan will use Apex's infrastructure to provide regulated crypto prediction contracts to brokers. Prospect's arrangement follows a similar model, with CDNA providing the exchange and clearing infrastructure, while Prospect controls the customer-facing sales channels.

U.S. sports event contracts still face regulatory review

The Prospect plan comes as federal and state authorities remain divided over the regulatory handling of sports event contracts. Exchanges regulated by the CFTC insist that event contracts offered through designated contract markets fall within the scope of federal derivatives law. Gaming regulators and industry groups in several states oppose this stance, arguing that sports contracts are essentially gaming products and should comply with state gambling laws.

The U.S. gaming industry urged Congress in June to restrict the sports prediction market from operating under federal derivatives rules, arguing that these products allow platforms to bypass state and tribal gaming requirements. Since then, legal disputes have continued in several states. In July, a federal judge in Wisconsin rejected a CFTC request to prevent the state from applying gambling laws to federally regulated predictive market operators, including Crypto.com, Kalshi, Polymarket, Robinhood and Coinbase.

Prospect said its planned products would use CDNA's CFTC registered exchange and clearing infrastructure, with OG Broker handling futures commission relationships, and Prospect Brokerage operating as a registered introducing broker. The company plans to go online in the third quarter and said it will announce more information such as platform products, brands, launch dates and marketing plans later.