Platform · Event Contracts

OG (OG.com)

Crypto.com's standalone CFTC-regulated PM · first parlay-builder + (planned) margin in CFTC PM stack. Major leadership turnover April 2026.

Pricing mechanism

Centralized matching

CFTC-clearinghouse

First CFTC-regulated PM to ship a parlay-builder · closes the gap to sportsbook UX
Crypto.com brand + ~20M US user base for cross-sell into OG
Planned margin trading via CDNA FCM would be a US-PM first if certified
Standalone consumer brand (OG.com) · clean unbundled play vs Kalshi's institutional positioning
Sponsored UFC/NFL content surface keeps customer-acquisition flywheel close to sports

Major April 2026 leadership turnover · launch CEO Nick Lundgren and PM head Travis McGhee both departed within 2 months of launch
Margin trading subject to CFTC product certification · not live, possible regulatory delay
NY + AZ blocked plus state-level (MN/KY/NV) pushback erodes the 'US-everywhere' claim
OG-specific volume undisclosed · opaque against Kalshi/Polymarket scoreboard

Binary outcome derivatives traded on CFTC-designated contract markets, USD-settled. Different regulatory and distribution lane from onchain PMs.