Mr. Johnny Chen reports
PROSPECT MARKETS TO ENTER US PREDICTION MARKETS THROUGH PARTNERSHIP BACKED BY CRYPTO.COM
Prospect Prediction Markets Inc. has signed a non-binding letter of intent with Foris DAX FCM LLC, operating as OG Broker, a registered futures commission merchant (FCM) and related entity of Crypto.com. The LOI contemplates a relationship with the North American Derivatives Exchange Inc., which operates the prediction markets brands of OG Prediction Markets and Crypto.com Derivatives North America and a clearing relationship with OG Broker intended to support the company's planned offering of sports-based event contracts to participants in the United States.
Under the partnership, Prospect Markets will introduce U.S. participants to CFTC-regulated (U.S. Commodity Futures Trading Commission) event contracts through OG Broker, marking the company's entry into the United States, the world's largest prediction markets opportunity.
"Partnering with OG Broker is the moment Prospect goes from vision to reality in the U.S. Our mission is to make every sports moment tradable, and this gives us the infrastructure to prove it at the scale the American market demands," stated Johnny Chen, founder and chief executive officer of Prospect Markets.
"We are excited to partner with Prospect Markets as they look to enter the growing U.S. prediction market landscape. This partnership underscores our commitment to expanding a compliant digital asset and derivatives ecosystem that offers U.S. participants unparalleled trust and transparency," stated Steve Humenik, chief legal officer of OG and executive vice-president and global head of legal for prediction and capital markets of Crypto.com.
Subject to the execution of definitive agreements and any applicable regulatory approvals, the parties are targeting a product launch in Q3 2026.
Important notice regarding the letter of intent
This news release describes a non-binding letter of intent and the parties' intention to negotiate and execute definitive documentation. There can be no assurance that definitive agreements will be executed, that required regulatory approvals or registrations (including NFA (National Futures Association) registration) will be obtained, or that any product will launch. Unless and until definitive agreements are executed, the contemplated relationship remains subject to negotiation and the satisfaction of conditions.
About Prospect Prediction Markets Inc.
Prospect Markets is the prediction market platform built natively for sports. From the world's largest leagues to niche competitions, Prospect turns every sports moment into a tradable market. Fans trade peer to peer on outcomes using real-time data from the company's second-screen experience, which transforms passive viewership into active market participation.
We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.