Prospect Markets Executes Definitive Agreement with Crypto.com, Targeting U.S. Market Exceeding $1 Trillion in Annual Trading Volume
Rhea-AI Summary
Prospect Markets (OTCQB: MKTSF) announced that its indirect wholly owned subsidiary, Prospect Brokerage USA, has executed a definitive, binding agreement with OG Prediction Markets and Crypto.com | Derivatives North America (CDNA) to distribute CDNA event-based prediction market contracts in the United States.
Prospect Brokerage, a CFTC-registered introducing broker, will introduce U.S. customers to these contracts via Crypto.com’s CFTC-registered futures commission merchant, Foris DAX FCM (OG Broker). The agreement designates Crypto.com and affiliates as providers of prediction market contracts across Prospect’s U.S. distribution channels and is expected by Prospect Markets to open new revenue streams. The company is targeting a U.S. product launch in Q3 2026, ahead of the NFL and NBA seasons, focusing on sports-native markets within a sector that Bernstein estimates could scale toward US$1 trillion in annual trading volume by 2030.
Positive
- Definitive U.S. distribution agreement executed with OG Prediction Markets and Crypto.com | Derivatives North America
- CFTC-regulated structure via CDNA as designated contract market/clearing organization and Prospect Brokerage as introducing broker
- New revenue streams expected from offering Crypto.com event contracts to U.S. customers
- Q3 2026 launch target aligned with NFL and NBA seasons for sports-native prediction markets
- Exposure to fast-growing sector with Bernstein estimating US$240B prediction market volume in 2026 and potential US$1T by 2030
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Definitive Agreement establishes the regulated framework for the launch of Prospect's sports-native U.S. prediction markets platform and is expected to open new revenue streams in one of the fastest-growing categories in financial markets.
Vancouver, British Columbia--(Newsfile Corp. - September 1, 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 Brokerage USA LLC ("Prospect Brokerage"), has executed a definitive agreement (the "Agreement") with OG Prediction Markets and Crypto.com | Derivatives North America ("CDNA") to launch an event-based prediction markets offering, initially in the United States. The Agreement enables Prospect Brokerage to offer OG.com and CDNA's event contracts in the U.S., marking the Company's entry into the rapidly emerging prediction markets sector and creating a new strategic growth opportunity in sports-native prediction markets.
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The Agreement follows the previously announced letter of intent with Foris DAX FCM LLC (operating as OG Broker) and represents the transition from that non-binding framework to a definitive, binding agreement.
A Rapidly Growing Market
The prediction markets sector is expanding at an extraordinary pace. Combined monthly trading volume across the largest platforms rose from under US
Sports has been the leading category and the primary entry point for mainstream adoption. During June 2026, sports contracts accounted for approximately
Wall Street research firm Bernstein estimates that total prediction market volumes will reach approximately US
These industry-wide trends represent the market opportunity that Prospect Markets is positioning to address through its sports-native platform and U.S. market access.
"Formalizing this definitive agreement with Prospect is a major step in expanding access to fully regulated, event-based prediction markets across the U.S.," said Steve Humenik, Chief Legal Officer, OG and EVP and Global Head of Legal for Prediction and Capital Markets of Crypto.com. "As mainstream demand for sports-native prediction contracts continues to surge, leveraging our CFTC-registered clearing and exchange infrastructure allows us to deliver a secure, compliant, and highly liquid venue for fans and traders alike ahead of the upcoming sports season."
"Executing a definitive agreement with Crypto.com is a company-defining milestone for Prospect, and one we set our sights on this year," said Johnny Chen, Founder and Chief Executive Officer of Prospect Markets. "I want to credit our team and our partners at Crypto.com, who worked tirelessly to get it over the line. The Agreement clears the way for Prospect to launch, onboard users, and generate revenue. We intend to be live for sports fans ahead of the upcoming NFL and NBA seasons."
Agreement Summary
Under the terms of the Agreement, event contracts offered by CDNA, a CFTC-registered designated contract market and derivatives clearing organization will be made available to customers through Prospect Brokerage. Prospect Brokerage, a CFTC-registered introducing broker, will introduce U.S. customers to these event contracts pursuant to a relationship with Crypto.com's CFTC-registered futures commission merchant, Foris DAX FCM LLC (operating as OG Broker).
The Agreement establishes Crypto.com and its affiliates as providers of prediction market contracts across Prospect Brokerage's distribution channels in the U.S. and is expected to create new revenue streams for the Company. The partnership will offer customers the opportunity to trade sports event contracts through a legal, regulated, and user-friendly platform. Prospect Markets is targeting a U.S. product launch in the third quarter of 2026, ahead of the upcoming NFL and NBA seasons. Following execution of the Agreement, the Company intends to provide further updates regarding its product, brand, launch timing, and marketing initiatives.
- https://www.pewresearch.org/short-reads/2026/05/27/trading-volume-on-prediction-markets-has-soared-in-recent-months/
- https://www.coindesk.com/business/2026/07/14/prediction-markets-just-crushed-traditional-sportsbooks-in-a-massive-usd50-billion-world-cup-breakout
- https://www.coindesk.com/business/2026/07/14/prediction-markets-just-crushed-traditional-sportsbooks-in-a-massive-usd50-billion-world-cup-breakout
- https://fortune.com/2026/07/19/prediction-markets-sports-betting-world-cup-kalshi-polymarket-fan-duel-draftkings/
- https://www.cnbc.com/2026/04/14/prediction-markets-will-grow-to-1-trillion-by-2030-bernstein-says.html
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 OG
OG is the global brand of the Crypto.com enterprise that operates several business lines to service customers globally. North American Derivatives Exchange, Inc. is an affiliate of Crypto.com, conducts business under the brands OG Prediction Markets and Crypto.com | Derivatives North America (CDNA), and is registered with the Commodity Futures Trading Commission (CFTC) as a designated contract market and derivatives clearing organization. OG Prediction Markets and CDNA offer the trading of prediction market contracts on multiple asset classes, including cryptocurrency, financials, companies, economics, climate and culture through direct access and intermediaries such as Introducing Brokers and Futures Commission Merchants (FCMs).
OG allows customers to trade, engage with others, climb the leaderboard, and is where it pays to be right. Subject to applicable law, OG provides sports fans and consumers with the opportunity to act on uncertainty, capitalize on the future, and celebrate triumph through a most comprehensive offering of sports and cultural event contracts.
Make your call now at https://OG.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 definitive agreement between Prospect Brokerage and CDNA and its anticipated benefits; the Company's U.S. market-entry strategy; the anticipated launch of the Company's U.S. prediction markets offering and the timing thereof, including launch ahead of the upcoming NFL and NBA seasons; the anticipated creation of new revenue streams; the size of the addressable market; 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 Agreement may not be realized; the anticipated launch may be delayed or may not occur; the Company may not realize the anticipated revenue or commercial benefits of the Agreement; the addressable market estimates may prove inaccurate; the Company's dependence on third-party partners, including CDNA and its futures commission merchant; 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.
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