Prospect Markets opens sports prediction platform to U.S. customers

Prospect Markets has begun commercial operations of its sports-focused prediction-market platform in the United States, allowing eligible customers to open and fund accounts and trade event contracts.

The service follows an invitation-only soft launch that began in September. Prospect Markets said that test ran registration, identity verification, geolocation, funding, market discovery, order entry, settlement, withdrawals and customer support under live conditions.

The platform is designed as a second-screen product, presenting real-time information, context and markets as sports action unfolds. Prospect Markets said it intended to cover both major leagues and niche competitions, rather than offer sports as one category within a broader event-market service.

Access is restricted by eligibility and state-level availability. Customers must be U.S. residents aged at least 18, and the product is unavailable in all states.

The commercial service uses existing derivatives infrastructure. Prospect Brokerage USA, a Commodity Futures Trading Commission-registered introducing broker and National Futures Association member, introduces customers to Foris DAX FCM, doing business as Crypto.com FCM. The contracts are listed, priced and cleared by North American Derivatives Exchange, operating as Crypto.com | Derivatives North America, a CFTC-regulated exchange and clearinghouse.

That arrangement developed from a non-binding letter of intent announced on July 7, which contemplated a sports-event-contract offering supported by the Crypto.com-related businesses. The earlier announcement targeted a third-quarter launch but stressed that definitive agreements, registrations and approvals were not assured.

The launch arrived during the NFL and college-football seasons, with the NBA, college-basketball and NHL campaigns also under way. Johnny Chen, Prospect Markets’ founder and chief executive, said the company would now focus on expanding its user base and markets.

It comes amid rapidly rising prediction-market activity. DeFi Rate’s analysis of eight exchanges put U.S. volume at about $120.7 billion in October, up 64.1% from about $73.6 billion in September. The CFTC, which proposed amendments on event contracts in June, said CFTC-registered prediction markets handled more than $25 billion in total volume during 2025 and were growing in popularity both as a financial asset class and an information source.