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 Foris DAX FCM LLC, operating as OG Broker, to launch sports-focused prediction markets in the U.S. OG Broker is backed by Crypto.com and holds futures commission merchant infrastructure including a clearing relationship through Nadex. The deal would give Prospect Markets a regulated path into U.S. event contracts. No financial terms or timeline were disclosed. Both parties announced the partnership on July 7, 2026.
The LOI puts OG Broker at the center of a second U.S. prediction-market launch, amplifying the same infrastructure bottleneck that FanDuel Predicts already exposed. For Prospect Markets, the deal is a shortcut past the multi-year CFTC registration that trapped earlier entrants, but it also means live or die on OG's clearing rails and Nadex relationship. That dependency matters because DraftKings just pulled its volume in-house to DKeX, and Kalshi-Polymarket combined flow hit $45 billion in June, so latecomers face a shrinking window to capture traders before the World Cup liquidity cliff.
If OG's backend cracks under twin front-ends, both Prospect and FanDuel Predicts settlements fail together, giving state attorneys general a two-platform example to cite in gambling-label enforcement. Prospect Markets has no existing U.S. user base to fall back on, so it must buy traffic or die. The LOI is non-binding; either side can walk. A competitor with proprietary exchange tech could undercut OG's pricing before the deal hardens.
Prospect Markets joins FanDuel Predicts in tapping OG Broker's exchange infrastructure for U.S. prediction markets, making OG the common Crypto.com-backed backend for two separate consumer-facing launches this year.