Prospect Markets Partners With Crypto.com-Backed OG Broker to Launch US Sports Prediction Markets

Prospect Markets has signed a letter of intent with Foris DAX FCM LLC, the Crypto.com-backed entity operating as OG Broker, to launch a sports-focused prediction market in the United States. The agreement outlines a proposed relationship with the North American Derivatives Exchange (Nadex), which runs the OG Prediction Markets and Crypto.com Derivatives North America brands, along with a clearing relationship through OG Broker.

The arrangement is designed to support Prospect Markets’ planned launch of sports-based event contracts for U.S. participants, marking the company’s formal entry into a sector that has drawn intense regulatory scrutiny and rapid growth over the past year.

A New Entrant in a Crowded, Contested Space

Through the partnership, Prospect Markets plans to introduce U.S. users to Commodity Futures Trading Commission (CFTC)-regulated event contracts via OG Broker, positioning itself alongside established players like Kalshi and Polymarket in the sports prediction market space. “Partnering with OG Broker is the moment Prospect goes from vision to reality in the US,” said Johnny Chen, founder and CEO of Prospect Markets. “Our mission is to make every sports moment tradable, and this gives us the infrastructure to prove it at the scale the American market demands.”

Steve Humenik, Chief Legal Officer of OG and Executive Vice President and Global Head of Legal for Prediction and Capital Markets at Crypto.com, echoed that framing. “We are excited to partner with Prospect Markets as they look to enter the growing U.S. prediction market landscape,” Humenik said. “This partnership underscores our commitment to expanding a compliant digital asset and derivatives ecosystem that offers U.S. participants unparalleled trust and transparency.”

Timing Amid Regulatory Turbulence

Prospect Markets’ entry comes at a complicated moment for the sector. Kalshi and Polymarket are currently fighting numerous state-level legal challenges over whether their sports-related event contracts constitute unlicensed gambling, with the dispute widely expected to eventually reach the Supreme Court. States including Michigan, New Jersey and Nevada have all taken action against existing platforms, while others like North Carolina and Kentucky have moved to tax prediction market revenue directly.

By building its compliance and clearing infrastructure around CFTC-regulated contracts and an established derivatives exchange in Nadex, Prospect Markets appears to be betting that a more conventional regulatory pathway will offer better long-term stability than the more combative approach taken by some of its larger competitors. The proposed partnership remains subject to definitive agreements and any required regulatory approvals, with the parties targeting a product launch in the third quarter of 2026.

What It Means for the Broader Market

The addition of another well-capitalized entrant — backed by Crypto.com’s balance sheet and regulatory relationships — suggests continued investor confidence in the prediction markets sector despite its legal uncertainty. Analysts have projected the space could grow to as much as $1 trillion by 2030, and new entrants like Prospect Markets are likely to keep emerging as companies race to stake out sports-focused niches before the legal landscape fully settles.