Overview
- OG is live for U.S. customers on mobile and web, offering federally regulated sports event contracts and an early-user promotion of up to $500 for the first one million sign-ups.
- Crypto.com says OG will add access to margin-based prediction contracts through CDNA, a feature the company claims would be a first for prediction platforms and remains subject to CFTC certification.
- Nick Lundgren has been appointed CEO of OG while continuing as Crypto.com’s chief legal officer after leading the firm’s first CFTC-regulated sports contracts in December 2024.
- The platform blends trading with social features such as leaderboards and a VIP program tied to partnerships including Crypto.com Arena, UFC, Formula 1, and the UEFA Champions League.
- The launch follows reported 40x weekly growth in Crypto.com’s prediction business and arrives as Coinbase expands event trading via Kalshi, Kraken signals entry, and the CFTC works on new industry rules.