Crypto.com Sports Prediction Markets: A Peer-to-Peer Trading Experience

Crypto.com is an online trading platform that provides prediction markets for sports enthusiasts. Unlike traditional sports betting sites, Crypto.com does not offer fixed odds or a comprehensive range of markets per event. Instead, it lists sports event contracts in a simple Yes/No format, allowing users to buy and sell contracts based on their predictions.

The prices of the contracts reflect market activity, with the cost increasing if more traders believe a particular team will win. For example, during an NFL game between Kansas City and Detroit, the Yes contract for Kansas City to win was priced at $0.55, while it was $0.45 for Detroit. This means that 55% of traders thought Kansas City would win, while 45% believed Detroit would emerge victorious.

Crypto.com's sports prediction markets are available on its platform, which is regulated by the Commodity Futures Trading Commission (CFTC). The site lists over 10 sports and provides a user-friendly interface for buying and selling event contracts. Users can also access various payment methods to fund their accounts, including debit cards, wire transfers, ACH direct deposits, Apple Pay, and Google Pay.

Crypto.com's fees vary depending on the contract price, with charges ranging from $0.02 for a $1 contract value to $1 for a $100 contract value. The platform also offers a referral system, allowing users to earn rewards by inviting friends to join.