Crypto.com is a renowned online trading platform in the United States. Since introducing prediction markets to its offerings, many traders have been wondering how Crypto.com sports prediction markets work. We’ll set the record straight in this guide.
First of all, Crypto.com doesn’t offer traditional sports betting. On the site or mobile app, you won’t see any odds for staking. Instead, the platform only lists sports event contracts, which you can trade just like other assets. Continue reading to learn how this system works and the available sports prediction markets on Crypto.com.
As we clarified in the introduction, Crypto.com isn’t a betting site. It’s a trading platform, which lets you buy and sell sports event contracts. The contracts are featured in a simple Yes/No format, and you pick any that align with your predictions.
Crypto.com isn’t a sportsbook because it doesn’t offer fixed odds. Each contract price you see on the site is entirely based on the market activity as traders buy and sell. So, if more traders are buying a particular sports event contract, its cost will rise, and vice versa.
Consider an NFL event between Kansas City and Detroit, which we saw on the Crypto.com app during our review. The Yes contract for Kansas City to win was priced at $0.55, while it was $0.45 for Detroit. Basically, it means 55% of traders think Kansas City will win while 45% back Detroit.
Based on our observations, the sports event contracts are usually priced between $0.01 and $1, $10, or $100. If a contract costs $0.50, you can purchase 200 for $100. The prices can change at any time as more traders buy and sell.
Be aware of the following important information and disclaimer for Crypto.com, that you can find here.
Crypto.com provides its sports event trading via Crypto.com | Derivatives North America (CDNA), a specialized arm in the United States. During our review, we confirmed that CDNA is regulated by the Commodity Futures Trading Commission (CFTC). Therefore, the platform is approved to operate in the country.
You should be able to join Crypto.com and trade sports event contracts in many states. That said, it’s still important to consider your local regulations.
If you sign up to trade event contracts, you’ll come across 10+ sports. Here’s a rundown of the top ones we found:
From the above, you’ll agree that the prediction market site covers all the popular US sports. As such, you can trade Crypto.com sports event contracts on leagues like the NFL, NBA, NHL, and MLB.
When it comes to the actual sports prediction markets, there are three main options at Crypto.com. These include:
| Market type | What it means |
|---|---|
| Winner | Predict who will win the sports event |
| Spreads | Predict who will win the sports event based on a specific point spread |
| Totals (Over/Under) | Predict whether the scores of both teams will exceed or be less than a particular number |
The markets are few, but it’s because there are no Crypto.com sports betting odds. For the event contract prices to be stable, there has to be a sufficient number of buys and sells. Therefore, the platform only lists the prediction options that interest traders the most for better liquidity.
Nevertheless, you may still get additional market options depending on the sports. Just tap the More Markets button for the listed event to see what else is available.
Once a sports event contract settles, each correct prediction is paid out at $1, $10, or $100 on Crypto.com. It depends on the initial contract value. On the flip side, if the prediction turns out wrong, you get $0.
Let’s use the previous Kansas City vs Detroit game, with Kansas City priced at $0.55, as an example. If you bought the Yes contract and the team wins, the payout is $1, so you get a $0.45 profit. Now, if you purchased 200 contracts for $100, the profit will be $90.
Keep in mind that you don’t always have to wait for the sports events to settle. You’re trading, so as you buy Yes/No contracts, you can sell them at any time. Selling can help you score some early potential profits or minimize losses if the price is dropping.
Crypto.com has slight charges on each sports event you trade. In our experience, the exact Crypto.com fees differ depending on the contract price and whether you sell early. Check them out below:
| Activity | Exchange fees |
|---|---|
| Buying a contract | $0.02 for $1 contract value $0.10 for $10 contract value $1 for $100 contract value |
| Selling your contracts early | $0.02 for $1 contract value $0.10 for $10 contract value $1 for $100 contract value |
| Correct prediction on settlement | $0.00 for $1 contract value $0.10 for $10 contract value $1 for $100 contract value |
| Incorrect prediction on settlement | No fees |
Now you’re familiar with how Crypto.com works for sports prediction markets, let’s check out how to start trading:
The first step is to create an account, and you can do that by following the instructions below:
Tap the banners on this page to visit Crypto.com
Click the Sign Up button, and fill out the registration form
Verify your email address and phone number as required
Enter your SSN and other personal details to verify your identity
Finish the registration process and log in to your account
Note that you can enter a Crypto.com referral code in Step #2 if you have one. Also, if you don’t want to fill out the form manually, you can sign up via Google or Apple.
After your registration, you have to set up a CDNA account to trade prediction markets. For that, follow these steps:
Switch to the Predict tab via your Crypto.com dashboard
Tap the Start Now button to create a USD account
Accept the terms and conditions, and submit
Wait for approval
If the platform approves your CDNA account registration, you can begin buying and selling.
You can only trade sports events on Crypto.com with USD. On the platform, we saw various payment methods for deposits, including debit cards, wire transfers, ACH direct deposits, Apple Pay, and Google Pay. Also, there’s Crypto Funding, which lets you swap any of the available 400+ crypto tokens into USD.
Note that if you sign up with a Crypto.com promo code or referral link, you may get a bonus which can be used on standard trading, but not the predictions trading markets.
We consider Crypto.com a reliable platform for prediction markets and sports events trading in the US. You can see how the site performs from the pros and cons below:
If you’re looking for Crypto.com sports betting odds, you won’t find any. The platform lets you engage in sports predictions differently by buying and selling event contracts. Everything is peer-to-peer, and the prices and probabilities you see reflect what the market thinks.
We commend Crypto.com for listing 10+ sports and keeping contracts simple with Yes/No predictions. Plus, the site is regulated by the CFTC, so it’s legit to use in the US. There may not be a long list of markets per event, but rest assured that you’ll get the major ones. To begin trading the sports events, tap the links on this page to visit Crypto.com today.
Crypto.com prediction market isn’t the same as sports betting because you’re not wagering on odds. It only involves buying and selling sports event contracts based on your predictions.
No, you don’t bet on sports on Crypto.com. Instead, you trade sports event contracts in a peer-to-peer market. The contracts often cost $0.01 to $0.99, and each settles at $1 if your prediction is correct.
Crypto.com lists 10+ sports, including football, basketball, baseball, hockey, soccer, golf, tennis, and boxing. Across these sports, you can make predictions on the event winner, spreads, and totals.
Crypto.com is a legal sports prediction market site in the US because it’s regulated by the CFTC. The platform doesn’t offer sports betting, as it only supports buying and selling sports event contracts.
This content is sponsored by Crypto.com: Securely Buy, Sell and Trade Bitcoin, Ethereum and 400+ Crypto and should not be considered as investment advice. Trading on prediction markets carries risks, including market volatility and the possibility of losing your stake. Before participating, carefully consider your risk tolerance and the potential outcomes. Foris DAX Inc. and Foris Inc. (d/b/a Crypto.com) offer connectivity to Crypto.com | Derivatives North America (CDNA), which is regulated by the Commodity Futures Trading Commission, for the purpose of trading derivatives on and subject to the rules of CDNA. Currently available for U.S. users only, who must first become a Member of CDNA prior to trading event contracts on CDNA. Trading on CDNA involves risk and may not be appropriate for all. Customers risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Past performance is not necessarily indicative of future results. None of the material on Crypto.com or CDNA is to be construed as a solicitation, recommendation or offer to buy or sell any financial instrument on CDNA or elsewhere. CDNA is subject to U.S. regulatory oversight by the CFTC.
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