By PredictQ Team // Updated: July 2026
OG.com is the newest of the major CFTC-regulated prediction market platforms, and the most aggressively built. Crypto.com spun it out of the main app on February 3, 2026, timed to Super Bowl LX, and five months in the identity is clear: a polished consumer app, the only dedicated parlay builder among regulated platforms, Live Chat and Leaderboards on every market, an invite-only VIP program with Crypto.com Arena access, and a no-winner-ban policy that matters a lot if a sportsbook has ever cut your limits to $20.
The tradeoffs are just as clear. Fees are a flat $0.02 per contract, which beats Kalshi at mid-range prices but costs you more at the extremes. There are no limit orders. And margin trading, the headline differentiator since launch day, is still a plan rather than a product.
Here’s the full picture: what OG is, how trading works, what it costs, and whether it earns a spot in your rotation.
What OG.com Is
OG.com is Crypto.com’s standalone prediction market platform, powered and offered by Crypto.com | Derivatives North America (CDNA). CDNA is registered with the CFTC as both a Designated Contract Market (DCM) and a Derivatives Clearing Organization (DCO), a combined designation few operators hold. The registration itself dates to 2004; Crypto.com acquired the entity in 2022, so the regulatory plumbing under OG is older than most of its competitors.
OG’s CEO is Nick Lundgren, who doubles as Chief Legal Officer of Crypto.com and who ran CDNA’s December 2024 launch of the first CFTC-regulated sports event contracts in the country. Crypto.com co-founder Kris Marszalek runs the parent. This is a legal-first leadership team, which shows in how the product has rolled out.
Key facts:
- Launched: February 3, 2026
- Regulation: CFTC, through CDNA (DCM and DCO)
- Welcome bonus: Up to $100, paid out as trading-volume milestones (details below)
- Availability: 48 states plus Washington, D.C. Arizona and New York are excluded entirely.
- Sports restrictions: Sports contracts are unavailable in IL, MD, MA, MI, NV, NJ, and OH. That leaves full sports access in 41 states plus DC. Crypto, politics, culture, and climate markets still work in the restricted states.
- Age: 18+ in most states
- Hours: 24/7, with a maintenance window Saturdays 4:00-5:00 AM ET
- Separate product: OG is a standalone app and site, distinct from the main Crypto.com app
The Trajectory
Crypto.com’s prediction market business grew 40x on a weekly basis in the six months before the OG launch, per Marszalek. That growth is what justified a standalone product. The company also sits in the Coalition for Prediction Markets alongside Kalshi, Robinhood, Coinbase, and Underdog, the industry group formed in December 2025 to defend federal CFTC oversight against state challenges.
The category itself has exploded around OG. Industry volume hit a record of roughly $31 billion in May 2026, Kalshi raised $1 billion at a $22 billion valuation in March, and ICE put $2 billion into Polymarket. OG launched into the hottest market in the space, went from sports-only to a full multi-category slate inside 90 days, and Lundgren has said publicly that the goal is the best customer experience in sports prediction markets. Crypto.com is treating this as a flagship, and it trades like one.
How Trading Works
OG uses the same binary contract model as every other prediction market. You buy Yes or No on a real-world event. Contracts price between $0.01 and $0.99, tracking the market’s implied probability. Winners settle at $1.00, losers at $0.00. Your profit is the gap between your entry and the payout, minus fees.
The flow: browse markets by category (Sports, Politics, Economics, Crypto, Culture, Climate, Financials, Companies), pick a side, and place your trade at the current market price. OG does not support limit orders, so everything executes as a market order. That’s the single biggest product gap versus Kalshi. You can sell before settlement to lock in gains or cut losses, and at resolution the funds hit your account immediately.
The Parlay Builder
This is OG’s clearest edge. No other major CFTC-regulated platform offers a native parlay experience, and if you’re coming from sportsbooks, this is the feature that makes OG feel like home.
The Parlay Hub lists compatible Yes/No positions you can combine into a single multi-leg position with combined odds, same-game parlays included. Mechanics to know: only team-level markets qualify (game winner, spread, total), and player prop parlays aren’t supported yet.
If multi-leg sports positions are your game, OG is the only regulated venue where you can build them natively.
Markets and Categories
OG launched sports-first and filled out fast. Current coverage runs across sports (NFL, NBA, MLB, NHL, NCAAF, NCAAB, soccer, UFC, golf, tennis, WNBA, with moneylines, spreads, totals, props, futures, and parlays), politics, economics (Fed decisions, CPI, unemployment, GDP), crypto price levels, culture and awards markets, climate, U.S. index and commodity thresholds, and company milestones.
Sports has the deepest liquidity by a wide margin. Politics and economics are growing, but the books are thinner than Kalshi’s or Polymarket’s. Price that in before you size up in a non-sports market.
Fees
OG’s fee model is the simplest in the space: a flat $0.02 per contract to open, $0.02 per contract to close early, and $0 at settlement whether you win or lose. Open 100 contracts and you pay about $2. Hold to resolution and that $2 is your entire fee bill.
Two things follow from that. First, fees don’t vary with probability. Kalshi’s formula peaks at 50/50 markets ($1.75 per 100 contracts at 50 cents) and shrinks toward the extremes; OG charges the same 2 cents whether the contract is at $0.50 or $0.92. Kalshi is cheaper for coin-flips, OG is cheaper when you’re buying heavy favorites or longshots. Second, the model rewards holding. Buy-and-settle traders pay once. Scalpers pay the round trip on every reposition, and that stacks.
Distinctive Features
Live Chat puts a real-time discussion feed on every event page, closer to a social trading app than anything Kalshi or Polymarket runs. Leaderboards rank traders by volume, profit, and win rate, which adds a competitive layer some people will love and others will mute.
The VIP program is invite-only, with access to events at Crypto.com Arena in Los Angeles, judged on trading volume and VIP status elsewhere. Funding runs through USD bank transfer, debit card, or conversion of any of the 350+ tokens in the Crypto.com ecosystem.
And the one I care about most: OG explicitly does not limit or ban profitable traders. Sportsbooks punish winners. Exchanges don’t, and OG has put that in writing.
Pros
- Standalone app with genuinely polished UX
- The only dedicated parlay builder among regulated platforms
- No-winner-ban policy
- Flat $0.02 fees, $0 at settlement win or lose, cheap for buy-and-hold
- 24/7 trading with a one-hour weekly maintenance window
- Available in 48 states plus DC
- Live Chat, Leaderboards, and a VIP program with Crypto.com Arena access
- Up to $100 welcome bonus through volume milestones
- Crypto.com’s capital and CDNA’s 20-year-old regulatory registration behind it
Cons
- No limit orders; every trade is a market order
- Flat fees cost more than Kalshi at extreme prices and punish active churning
- Margin trading announced at launch, still not live
- Non-sports liquidity is thin
- Excluded entirely in New York and Arizona
- Sports contracts blocked in seven states: IL, MD, MA, MI, NV, NJ, OH
- No order book depth display
Best Use Case
OG fits sports bettors who want a CFTC-regulated venue with sportsbook-familiar tools: parlays, spreads, totals, props. The parlay builder is genuinely unique, and the no-winner-ban policy makes OG one of the most sharp-friendly venues in legal U.S. sports trading.
If you’re a high-frequency trader optimizing every basis point of fees, Kalshi’s formula or Polymarket’s 0% geopolitics category will beat OG on churn. If you need deep political and macro books, Kalshi and Polymarket win there too. For everyone who mostly takes sports positions and holds them, OG’s math is competitive and the product is more fun to use.
Bottom Line
OG.com is well-funded, properly regulated, and clearly differentiated. Sports-only launch in February, full multi-category platform 90 days later. The parlay builder, the social layer, and the no-winner-ban policy give it an identity that doesn’t just shadow Kalshi or Polymarket.
The gaps are real: no limit orders, thin non-sports liquidity, and a margin product that’s been “coming” since launch day. None of those are dealbreakers for the core sports use case.
For sports traders in the 41 states with full access, sign up, claim the volume-based bonus, and put a few positions through it. You can start HERE. The sportsbooks that limited you aren’t going to miss you any less.
Disclosures: PredictQ may receive compensation when readers sign up for platforms through links on this page. Information accurate as of July 2026. State availability varies and prediction market regulation continues to evolve. Trading event contracts involves substantial risk and is not appropriate for all participants. This content is for informational purposes only and does not constitute financial, legal, or investment advice. Must be 18 or older. If you or someone you know has a gambling problem, call 1-800-GAMBLER.