Crypto.com Launches Predictions-Only Platform Before Super Bowl

Crypto.com is launching a dedicated platform, OG, for prediction markets just days before the Super Bowl, the company said Tuesday.

A pioneer of federally-regulated sports-themed prediction markets, Crypto.com co-founder and and Chief Executive Officer Kris Marszalek said a stand-alone product is warranted after 40-fold growth week-over-week in its event contracts business over the past six months.

OG will also offer leveraged and margin trading of predictions contracts, said Nick Lundgren, a Crypto.com executive who’s been named chief executive officer of OG. The back end will still be powered by its existing exchange and clearinghouse, all registered with the Commodity Futures ...