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BULLISH 📈 : Crypto.com launches OG platform with margin trading for sports fans
Crypto.com Launches OG Prediction Market Platform
- Crypto.com introduced "OG," a standalone prediction market platform targeting sports enthusiasts.
- OG combines regulated trading with social media features and offers contracts on various markets such as sports, finance, politics, culture, and entertainment.
- The platform aims to provide margin trading for prediction contracts via Crypto.com's licensed futures commission merchant.
- Nick Lundgren, Crypto.com's chief legal officer, is appointed CEO of OG.
- Crypto.com has seen 40x weekly growth in its prediction market business, prompting the launch of this separate platform.
- OG seeks to leverage Crypto.com's CFTC compliance, positioning it as a leading prediction market technology provider.
- Recent partnerships include Plaee for infrastructure support, Stripe for payment solutions, and collaborations with High Roller Inc. and Hollywood.com.