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.