Crypto.com Unveils Standalone 'OG' Platform
In a major expansion for the prediction market sector, Crypto.com has officially spun out its derivatives business into a standalone app named 'OG'. According to Cointelegraph, the launch follows a period of "explosive growth" for the exchange's prediction offerings. The new platform arrives as established players like Polymarket and Kalshi are driving daily trading volumes exceeding $400 million.
While Crypto.com expands, the regulatory environment in the United States remains contentious. Decrypt reports that Nevada regulators have moved to bar Coinbase from offering prediction markets within the state, citing the lack of a gaming license. This enforcement action adds to the legal complexities Coinbase faces, as the company has simultaneously filed federal lawsuits challenging jurisdiction in three other states.
Capital Flows into Prediction Protocols
Despite regulatory friction, investor appetite remains high. The BNB Chain-based prediction market Opinion has successfully raised $20 million to scale its operations, as detailed by The Defiant. This funding round underscores the growing demand for decentralized forecasting tools outside of the Ethereum ecosystem.
Market activity is also surging on other protocols. The Limitless token has rallied significantly, with the platform's monthly volume topping $200 million. Traders using prediction market tools are increasingly tracking these emerging platforms as liquidity diversifies beyond the industry giants.
Vitalik Buterin on Creator Economy Integration
Ethereum co-founder Vitalik Buterin weighed in on the sector's utility today, advocating for the integration of prediction markets into the creator coin ecosystem. According to Decrypt, Buterin argued that prediction markets and DAOs could help reward "inherent value" rather than mere celebrity or virality, suggesting a shift toward more fundamental metrics in the creator economy.