DraftKings Predicts Expands Event Contract Offerings Through Crypto.com Partnership

DraftKings has entered into a deal with Crypto.com to increase the overall scope of the prediction markets available on its DraftKings Predictions platform. This partnership introduces the first player-specific sports event contracts to the DraftKings Predictions platform and expands the scope of prediction markets available to eligible users.

The agreement also establishes the groundwork for additional categories, including politics, as the company continues to position the product beyond traditional sports outcomes.

As part of the rollout, DraftKings Predictions has broadened its sports coverage in states where its sports contracts are available, adding markets across soccer, MMA, golf, boxing, tennis, and the Olympic Games. These additions complement existing sports and financial markets already supported through CME Group data. 

The agreement also sets new expectations that Crypto.com will support the launch of further event contract categories spanning culture, entertainment, and politics. DraftKings said the platform would integrate Railbird Exchange in the coming months, a move intended to deepen liquidity and functionality across prediction markets.

DraftKings Predictions operates through federally regulated event contracts, allowing eligible customers to participate in markets tied to real-world outcomes in those states where traditional sports betting remains restricted. It is offered via a standalone app and website, and incorporates DraftKings' Responsible Trading program. 

The launch follows DraftKings' announcement last week that it will soon be allowing crypto-to-cash deposits in four states after receiving regulatory approval. 

Crypto.com launches OG platform

The expansion with DraftKings coincides with the launch of Crypto.com’s new OG app, which provides users with access to the platform's sports event contracts, along with its broader scope of contracts covering financial, political, cultural, and entertainment events. 

Crypto.com said OG was designed to combine the accessibility of a consumer-facing app with engagement features similar to social platforms, while maintaining the structure of an institutional-grade trading venue. The company plans to introduce leveraged trading on prediction contracts, pending certification from the Commodity Futures Trading Commission (CFTC). 

The platform also includes social and performance features, where traders can interact with one another and view each other's performance on a leaderboard. OG also plans to provide traders with margin-based prediction contracts through Crypto.com's CFTC-licensed futures commission merchant, making it the first prediction market platform to do so. 

OG is a US-based company and has started by targeting the US market, with plans to expand globally.

Alongside the launch, Crypto.com has promoted Nick Lundgren as the CEO of OG. He also serves as the company's Chief Legal Officer and played a major role in obtaining CFTC approval to launch sports-related contracts in late 2024. 

Crypto.com said OG would operate within the CFTC's regulatory framework, relying on the company's existing compliance infrastructure to support consumer protections and responsible risk management.