Social gaming platform MyPrize has entered the prediction market space through a new distribution agreement with Crypto.com’s North American affiliate.
Prediction Markets Go Social
Under the deal, MyPrize—which claims over 1 million global users through its free-to-play social games (sweepstakes casinos)—will now list Crypto.com event contracts covering “sports, politics, cryptocurrency, and more” directly on its app.
This move positions MyPrize alongside other major Crypto.com distributors, including Underdog and Trump Media. While revenue details were not disclosed, distribution agreements typically involve the prediction market provider giving the distributor a cut of the trading fees generated.
Regulation and Industry Growth
The agreement is underpinned by Crypto.com’s regulatory status. Its North American affiliate, North American Derivatives Exchange (NADEX), holds a Designated Contract Markets (DCM) license from the CFTC, allowing it to offer these event contracts—a type of federally regulated financial product.
The overall prediction market industry is experiencing rapid growth, with weekly trading volume recently surpassing $2 billion, primarily driven by leaders like Kalshi and Polymarket.
Travis McGhee, Managing Director, Global Head of Capital Markets at Crypto.com, highlighted this as a convergence:
“Now, we are at the forefront of a similar convergence with live social platforms and financial markets with our partner, MyPrize.”
November 2025, Cryptoniteuae
