Prospect Markets Becomes a Member of Crypto.com | Derivatives North America, a CFTC-Regulated U.S. Exchange
Rhea-AI Summary
Prospect Markets (OTCQB: MKTSF) announced that its indirect wholly owned subsidiary, Prospect Trading USA LLC, has become a member of Crypto.com | Derivatives North America (CDNA), a CFTC-regulated U.S. exchange. The company states this membership gives Prospect Trading direct access to CDNA and marks a key step in Prospect Markets’ broader entry into the U.S. prediction markets sector, particularly supporting the buildout of its Institutional Trading division and expanding its role in the growing U.S. prediction markets ecosystem.
Positive
- Prospect Trading USA LLC gains direct access to CFTC-regulated CDNA exchange
- Membership supports buildout of Institutional Trading division in U.S. markets
- Step toward broader entry into rapidly growing U.S. prediction markets
Negative
- None.
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Membership on a CFTC-regulated U.S. exchange supports the Company's entry into U.S. prediction markets and the buildout of its Institutional Trading division.
Vancouver, British Columbia--(Newsfile Corp. - August 24, 2026) - Prospect Prediction Markets Inc. (TSXV: MKT) (OTCQB: MKTSF) (FSE: DEP) ("Prospect Markets" or the "Company") is pleased to announce that its indirect wholly-owned subsidiary, Prospect Trading USA LLC ("Prospect Trading"), has become a member of Crypto.com | Derivatives North America ("CDNA"), a CFTC-regulated U.S. exchange.
"We are proud to become a member of CDNA, one of the most established CFTC-regulated exchanges in the United States and a pioneer in event-contract markets," said Johnny Chen, Founder and Chief Executive Officer of Prospect Markets. "Membership on an exchange of this pedigree is an important milestone for Prospect. It supports the buildout of our Institutional Trading division and deepens our role in the U.S. prediction markets ecosystem as it continues its rapid growth."
Membership provides Prospect Trading with direct access to CDNA's exchange and represents a further step in the Company's broader entry into the U.S. prediction markets sector, complementing the Company's other U.S. initiatives.
About Crypto.com
Founded in 2016, Crypto.com is trusted by millions of users worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and development of new use cases including prediction markets and tokenized RWAs.
Learn more at https://crypto.com
About Prospect Markets
Prospect Markets is the prediction market platform built natively for sports. From the world's largest leagues to niche competitions, Prospect turns every sports moment into a tradable market. Fans trade peer-to-peer on outcomes using real-time data from our second-screen experience which transforms passive viewership into active market participation.
On behalf of the Company:
Johnny Chen
Chief Executive Officer
Email: info@prospectmarkets.com
Web: www.prospectmarkets.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including statements regarding: the Company's membership in CDNA and its anticipated benefits; the buildout of the Company's Institutional Trading Division; the Company's participation in and entry into the U.S. prediction markets sector; and the Company's broader strategic plans and objectives.
Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. Such risks include, but are not limited to: the anticipated benefits of the membership may not be realized; the Company may not successfully execute its U.S. strategy on the anticipated timeline or at all; the Company's dependence on third-party partners, including CDNA; the evolving regulatory treatment of event contracts and prediction markets in the United States; changes in applicable laws and regulations; competition from established and emerging platforms; market acceptance and user adoption; the availability of financing; technological risks including cybersecurity; and other risk factors described in the Company's continuous disclosure filings available on SEDAR+ at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise forward-looking information, except as required by applicable securities laws. All forward-looking information in this press release is made as of the date hereof and is based on the beliefs, estimates, and opinions of management as of the date such statements are made.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311023