Crypto.com Launches Predict Pro — US Traders Can Now Bet on Elections, Sports and Fed Decisions With Full Order Books
Crypto.com has launched a new prediction market platform called Predict Pro for users in the United States. The service went live on October 15 on the Crypto.com Exchange, giving US traders a new way to trade on the outcome of real-world events instead of only buying and selling coins.
Predict Pro connects traders to OG.com Markets, an exchange and clearinghouse registered with the US Commodity Futures Trading Commission (CFTC). That regulated setup is a big part of the launch, because event contracts have faced close watch from US regulators, and trading through a registered market gives users a clearer legal route.
The platform is built more like a professional trading desk than a simple yes-or-no betting page. Traders can see the full order book with real-time bid and ask depth, follow probability charts, and use market, limit, stop-market, stop-limit and post-only orders. They can also combine between 2 and 20 predictions from different markets into a single position.
The markets cover sports, elections, crypto prices, Federal Reserve decisions, the economy and culture. Before trading, each contract shows its resolution source, settlement timeline and dispute window, and contracts are typically settled automatically within about one hour after the result is known, according to the company.
For traders, the launch shows how fast prediction markets are becoming a normal part of crypto trading. Big exchanges now want event trading sitting next to spot and futures trading in the same app, and a regulated US launch by a major exchange puts more pressure on rival platforms to offer the same tools.
This post is news only, not financial advice. Always do your own research before buying or selling crypto.
Sources: The Crypto Times, Crypto Economy, PANews, Croupier
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