Crypto.com has spun off its prediction markets business into a standalone platform called OG, marking another push into one of the fastest-growing digital finance sectors and putting it in direct competition with Polymarket and Kalshi.
Key points to remember:
- Crypto.com launched OG as a standalone, US-only market prediction platform built on its CFTC-regulated derivatives infrastructure.
- The spin-out follows explosive growth, with Crypto.com reporting a 40x weekly increase in prediction market activity over the past six months.
- OG is entering an increasingly competitive market as major crypto and Wall Street players expand into event-based contracts.
OG, which went live this week, is powered by Crypto.com Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse affiliated with Crypto.com.
The company said the platform is currently only available to users in the United States, underscoring the focus on its operations within the country’s regulated market structure.
Crypto.com drops OG after surge in prediction market activity
The decision to launch OG as a separate platform follows the rapid growth of Crypto.com’s prediction market offerings.
The company first entered the field in 2024 and rolled out a “sports trading” product for US users in December of that year. According to co-founder and CEO Kris Marszalek, activity has increased since then.
“We have seen 40x weekly growth in our prediction market business over the last six months,” Marszalek said, adding that the pace warranted a dedicated platform rather than keeping the product bundled into the broader Crypto.com ecosystem.
OG will be led by Nick Lundgren, Chief Legal Officer of Crypto.com, who will assume the role of CEO.
Lundgren described prediction markets as a “tens of billions of dollars industry,” noting growing interest from retail users and institutional players.
However, the field is becoming more and more crowded. Coinbase launched a US-focused prediction market product in partnership with Kalshi in late January, while Hyperliquid recently outlined plans to expand into event-based markets.
The timing of OG’s launch reflects broader dynamics across the industry. Prediction markets have grown from less than $100 million in monthly volume at the start of 2024 to more than $13 billion by the end of 2025, according to industry data.
Combined volumes on Polymarket and Kalshi alone reached $37 billion last year, as Wall Street and crypto companies explore new uses for event contracts beyond online betting.
State opposition to prediction markets grows amid consumer concerns
States’ opposition to prediction markets has been growing for months.
In 2025, the SWC urged the CFTC to ban sporting event contracts, arguing that these products circumvent state safeguards such as age verification, responsible gaming rules and anti-money laundering requirements.
As reported, new legislation aimed at limiting interactions between government officials and prediction markets is supported by more than 30 Democrats in the U.S. House of Representatives, including former Speaker Nancy Pelosi.
The lure behind the new restrictions is a controversial bet by Polymarket, which started with a $32,000 wager but ultimately topped $400,000 shortly before the unexpected arrest of Venezuelan President Nicolás Maduro.
The bill proposed by New York Representative Ritchie Torres is the Public Integrity in Financial Prediction Markets Act of 2026.
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