Summary
- Crypto.com announced it will launch a sports prediction market service in 16 U.S. states.
- The CFTC and federal courts have not yet determined the legal status of sports prediction markets.
- Robinhood, Kalshi, Polymarket, and others already offer sports betting contracts in the U.S.
Crypto.com said it will offer a sports prediction market service in 16 U.S. states.
On the 2nd (local time), CNBC reported that Crypto.com said it would launch a sports prediction market platform in 16 U.S. states with sports game company Underdog.
Jeremy Levine, founder of Underdog, said in an interview, "The future of prediction markets depends on sports," and "This is one of the most exciting announcements."
Meanwhile, the Commodity Futures Trading Commission (CFTC) and federal courts have not yet decided whether sports prediction markets constitute sports gambling. Robinhood, Kalshi, and Polymarket already offer sports betting contracts in the United States.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Today’s Key Economic & Crypto Calendar] US January Manufacturing PMI, etc.](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[Market] Bitcoin breaks below $76,000 as selloff shows no sign of easing](https://media.bloomingbit.io/PROD/news/0b328b54-f0e6-48fd-aeb0-687b3adede85.webp?w=250)
![[Market] Bitcoin slips below $77,000…Ethereum also breaks below $2,300](https://media.bloomingbit.io/PROD/news/f368fdee-cfea-4682-a5a1-926caa66b807.webp?w=250)
