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Crypto.com and MyPrize Partner to Launch Unified Gaming Prediction Platform
Crypto.com Partners with MyPrize for Prediction Market Services
- Crypto.com has partnered with online crypto casino MyPrize to offer prediction market services within its social gaming network.
- This collaboration introduces a unified platform combining social gaming and prediction markets, covering sports, politics, and cryptocurrency outcomes.
- The partnership aims to enhance user engagement by integrating livestreaming and prediction trading functionalities.
Expansion into New Markets
- Interest in prediction markets is growing among both native crypto businesses and external firms seeking entry via partnerships.
- Crypto.com recently announced a collaboration with Hollywood.com to provide prediction services focused on entertainment events.
- The company also launched a Level Up rewards system and entered the sports prediction market through a partnership with Underdog.
Regulatory Developments
- Crypto.com filed a National Trust Bank Charter application with the US Treasury's OCC on October 24.
- On September 30, it became the first major crypto firm to receive a "full stack" of CFTC derivatives trading licenses, including FCM, DCM, and DCO.