Prospect Markets signs LOI with Crypto.com-backed OG Broker for U.S. sports prediction markets
Prospect Markets signed a non-binding letter of intent with OG Broker, a futures commission merchant backed by Crypto.com, to launch sports-based event contracts in the United States. The partnership, announced July 7, 2026, would pair Prospect Markets' sports-native platform with OG Broker's existing regulatory infrastructure and clearing relationship through Nadex. No financial terms or timeline were disclosed. The arrangement follows FanDuel Predicts' June launch into sports event contracts.
For Prospect Markets, the OG Broker partnership offers a shortcut past the multi-year CFTC registration that traps pure-startup venues. The platform gains futures commission merchant infrastructure and a clearing path through Nadex without building its own regulatory stack. That matters because DraftKings just verticalized with DKeX, ending its own Crypto.com partnership, and Plus500 already seized the Kalshi white-label route.
Prospect Markets must prove it can attract market-making flow to its sports-native interface before the World Cup liquidity window closes. If the LOI converts, it becomes a test of whether third-party brokerage partnerships can compete with in-house exchange builds. If it stalls, Prospect Markets loses ground to platforms that already cleared CFTC designation.
Prospect Markets' Crypto.com tie-in joins Plus500's Kalshi partnership and Novig's Ludlow Exchange approval as the third distinct infrastructure play this week by platforms seeking CFTC-regulated sports contract entry without building their own exchange stack from scratch.