Crypto.com spins out prediction markets as standalone platform OG

[chainsniff]

Crypto.com has launched a standalone prediction markets platform called OG, spinning out its US-focused prediction business first introduced in 2024. OG is powered by Crypto.com Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse affiliate, and is available only in the United States for now.

CEO Kris Marszalek said the move reflects rapid growth in the space: the company saw 40x weekly growth in its prediction market business over six months. Nick Lundgren, Crypto.com’s chief legal officer and OG’s new CEO, described prediction markets as a “deca-billion dollar industry”, highlighting the potential for long-term expansion despite a crowded US market.

[madtrader]

40x weekly growth in six months is insane… that’s basically “we launched yesterday and now we’re mainstream” levels of hype.