{"id":7976,"date":"2024-12-26T12:16:28","date_gmt":"2024-12-26T12:16:28","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=7976"},"modified":"2024-12-26T12:16:34","modified_gmt":"2024-12-26T12:16:34","slug":"crypto-com-enters-the-regulated-sports-trading-market","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2024\/12\/26\/crypto-com-enters-the-regulated-sports-trading-market\/","title":{"rendered":"Crypto.com Enters the Regulated Sports Trading Market"},"content":{"rendered":"\n

Singapore-based cryptocurrency exchange Crypto.com<\/strong> is entering the sports event trading market following the popularity of event contracts during the presidential election.<\/p>\n\n\n\n

Crypto.com announced<\/a> on Monday that the cryptocurrency giant is launching a sports event trading product marking the company\u2019s first foray into the sports event trading industry. The exchange is allowing its website and app users across the country to trade their own predictions on the outcome of sports events, including Super Bowl LIX.<\/strong><\/p>\n\n\n\n

\u201cSports event trading offers an entirely new platform for U.S. users to engage nationwide at Crypto.com and in the Crypto.com app,\u201d said Crypto.com co-founder and CEO Kris Marszalek. <\/strong>\u201cThis unique financial product allows users to trade their prediction on the outcome of a sports event. It\u2019s a fundamentally new concept for sports, and we\u2019re thrilled to be the first regulated platform in the U.S. to offer it to our users.\u201d<\/p>\n\n\n\n

Crypto.com is offering its U.S. users a CFTC-regulated sports event trading product that mirrors Derivatives North America<\/strong>, the company\u2019s proprietary event contract platform.<\/p>\n\n\n\n

The end of the NFL<\/strong> season, particularly Super Bowl LIX, is poised to bring new users to Crpyto.com with geolocation provider GeoComply recording<\/a> 8.5 million active sportsbook accounts throughout last year\u2019s Super Bowl weekend, a 15% increase year-over-year.<\/p>\n\n\n\n

Crypto.com could have some competition<\/strong><\/p>\n\n\n\n

The cryptocurrency exchange has launched its new sports trading product as commission-free stock trading platform Robinhood<\/strong> is considering<\/a> entering the sports betting industry. Kalshi<\/strong> has been offering sports-related event contracts for a while.<\/p>\n\n\n\n

During Robinhood\u2019s Investor Day presentation<\/a> earlier this month, CEO and co-founder Vladimir Tenev <\/strong>said the trading platform is \u201ckeenly looking\u201d into the sports betting space.<\/p>\n\n\n\n

The consideration of entering the sports betting market comes after Robinhood\u2019s Derivatives product accepted over 100 million contracts for the presidential election.<\/p>\n\n\n\n

Don’t forget to subscribe to our Telegram channel!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore-based cryptocurrency exchange Crypto.com is entering the sports event trading market following the popularity of event contracts during the presidential election. Crypto.com announced on Monday that the cryptocurrency giant is launching a sports event trading product marking the company\u2019s first foray into the sports event trading industry. The exchange is allowing its website and app […]<\/p>\n","protected":false},"author":10,"featured_media":7972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1218,3170,7,1,12],"tags":[10977,10976,10960,10975,942,10767,10005,10973,230,10974],"class_list":["post-7976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bookmaker","category-crypto","category-igaming","category-news","category-sport","tag-cryptocom","tag-cryptocurrency-exchange","tag-kalshi","tag-kris-marszalek","tag-nfl","tag-robinhood","tag-sports-bets","tag-superbowl-lix","tag-usa","tag-vladimir-tenev"],"yoast_head":"\nCrypto.com Enters the Regulated Sports Trading Market - SBC EURASIA EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2024\/12\/26\/crypto-com-enters-the-regulated-sports-trading-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto.com Enters the Regulated Sports Trading Market - SBC EURASIA EN\" \/>\n<meta property=\"og:description\" content=\"Singapore-based cryptocurrency exchange Crypto.com is entering the sports event trading market following the popularity of event contracts during the presidential election. 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