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A ‘new prediction market experience’ has been launched by Crypto.com, called OG, which aims to give consumers a new way to trade, engage, and climb the leaderboard.
The company announced the news on Tuesday (February 3) and they explained how OG provides sports fans access to a range of CFTC-regulated sports event contracts, as well as additional event contracts across financial, political, cultural, and entertainment events.
In its explanation, the team say they’ve combined the accessibility of a consumer app, engagement features of a social media network, and ‘the rigor’ of an institutional-grade platform.

We’re excited to officially unveil the new era of prediction markets for sports fans with the launch of OG! Make your call now at https://t.co/X9D1s2StPQ.
Read more here: https://t.co/a2FrohML3B pic.twitter.com/6suaOYy1yL
— Crypto.com (@cryptocom) February 3, 2026

Speaking on its launch, Kris Marszalek, Co-Founder and CEO of Crypto.com said: “Crypto.com successfully built one of the largest brands and best app experiences in cryptocurrency during a period of hypergrowth amid a complex regulatory landscape, and now we will work to replicate this experience with OG in the prediction market space.”
The co-founder said they’ve experienced 40x weekly growth in their prediction market business over the last six months which he says warrants a concerted effort with a standalone platform.
“Our goal is to establish OG as the premier sports prediction market technology with the best customer experience.”
Crypto.com’s OG could become first prediction markets platform to offer margin trading
The app will aggregate market-driven probabilities into clear, updated forecasts to give a transparent view of what the crowd believes will happen next. It will also have a space for consumers to connect with other traders and share their opinions.
According to the press release, OG plans to provide access to Cyrpto.com | Derivatives North America’s (CDNA) margin prediction contracts offering through Crypto.com’s federally licensed futures commission merchant. They suggest this will be the first prediction markets platform to offer margin trading.
As part of the launch, Nick Lundgren has been named the CEO of the app. He also serves as Chief Legal Officer at Crypto.com and he led the company’s entrance into CFTC-regulated sports event contracts in December 2024. That said, the launch comes after Crypto.com pulled its prediction markets and sports contracts from nine states, following pressure from state regulators and government agencies. Critics argue that prediction market platforms like Crypto.com are essentially offering unlicensed sports betting under a different name.
Featured image: Crypto.com / OG via press release
The post Crypto.com goes all in on prediction markets with new app OG appeared first on ReadWrite.

The Nevada Gaming Control Board (NGCB) has filed a civil enforcement action against cryptocurrency exchange Coinbase to restrict what the regulator calls unlicensed wagering in violation of state law.
The injunctive action was filed in the District Court for Carson City against the Commodity Futures Trading Commission (CFTC) regulated operator, reinforcing NGBC’s zero tolerance for federally regulated markets.
Coinbase is the most recent operator to face NGCB
The letter, from the office of Governor Joe Lombardo, is also co-signed by current ranking members Mike Dreitzer, Chair of the NGCB; Judge George Assad (Ret); and Chandeni K. Sendall.

“Nevada Gaming Control Board Files Civil Enforcement Action Against Coinbase”
Press release from NGCB: pic.twitter.com/mSSN6NlOZO
— Daniel Wallach (@WALLACHLEGAL) February 3, 2026

A key part of the NGBC’s pursuit of Coinbase is related to the regulator’s perception that the company “offers products referred to as event contracts for sale on its mobile app, which are made available to people in Nevada. The Board considers offering sports event contracts, or certain other event contracts, to constitute wagering activity under NRS 463.0193 and 463.01962 and, therefore, entities offering such event contracts must be licensed.”
NGCB takes infractions seriously, says Chair
“The Board takes seriously its obligation to operate a thriving gaming industry and to protect Nevada citizens. The action taken yesterday reinforces this obligation,” said Chairman Dreitzer.
In the legal docket published on the Nevada government website, the NGCB’s case is clear: Coinbase is not paying the required licensee fee.
“Entities conducting gaming activities in the State of Nevada must pay taxes on gross gaming revenue derived from gaming activities accessible in the State,” said Complaint 5. “Coinbase does not pay taxes on gross gaming revenue derived from gaming activities, including wagers, accessible in the State of Nevada.”
As we reported, Nevada has proved to be a decisive proving ground for prediction markets and the argument over federal and state-level oversight.

BREAKING: Nevada state court issues temporary restraining order against Polymarket over offering of event contracts, says that the CEA does not vest exclusive jurisdiction in the CFTC. TRO will remain in effect for 14 days; hearing on the PI motion scheduled for 2/11. pic.twitter.com/p1tRk38EMD
— Daniel Wallach (@WALLACHLEGAL) January 30, 2026

Polymarket recently faced a ruling by Judge Jason Woodbury, who ordered the company to be temporarily excluded from state contracts. The NGBC’s argument in this case was that Polymarket’s ability to offer event contracts violated the same gaming law.
Featured image: Coinbase / Canva
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