Last week saw Kalshi overtaking rival Polymarket on monthly volume for the first time – roughly $4.3–4.4 billion in notional volume for the month. Polymarket also hit record activity in October: monthly volume rebounded to about $3.0 billion and monthly active traders climbed to a new high (~477,850),
Perhaps it is this billion dollar business opportunity that is now driving crypto exchanges into the prediction market. Since the past week, crypto.com has announced the launch of three prediction markets platform – from integrating with Trump Media’s Truth Social to partnering with a Hollywood platform for entertainment prediction market. In its latest update, crypto.com has announced another prediction market with a gaming platform. My prize.
The offering will be run by Crypto.com’s Derivatives North America, a CFTC-registered exchange and clearinghouse affiliated with Crypto.com. This means contracts will be offered inside an established U.S. regulatory framework rather than via unregulated offshore platforms.
Crypto.com’s Entry into Prediction Markets Space
Crypto.com is using its CFTC-registered affiliate to provide centrally cleared, regulated event-contracts as a white-label / embed service to partner platforms – Truth Social, Hollywood.com, MyPrize).
It is a partner in the prediction-market push tied to Truth Social, the platform owned by Trump Media, which last month revealed plans for a “Truth Predict” product
For Hollywood.com, it is powering a new entertainment-focused prediction market, allowing fans to trade contracts on movies, TV shows, box-office outcomes and awards. And MyPrize is teaming up with Crypto.com to launch “MyPrize Markets”, a product that will embed prediction-markets (sports, crypto, politics, etc.) into the MyPrize social gaming platform.
These partners are set to supply the customer front-end and distribution while the crypto.com’s CDNA is supplying the contracts, matching/clearing, custody and regulatory wrapper.
CDNA is a CFTC-registered designated contract market (DCM) and derivatives clearing organization (DCO). Crypto.com says event contracts will be offered by CDNA. Interestingly, that makes this a centralized, regulated exchange with a clearinghouse product from the legal & operational angle.
Continued momentum of our prediction markets platform – grateful for the trust & looking forward to rapidly scaling with our partners. New partners interested in launching rapidly on reliable rails — please ping me directly. https://t.co/o1SAsTxp60
— Kris | Crypto.com (@kris) November 4, 2025
This comes as Crypto.com’s consumer exchange app already exposes a CFTC-regulated “Prediction Trading” feature – a Yes/No contract product). Riding on the momentum, crypto.com CEO Kris has further “invited other partners to contact him to launch on their regulated/reliable) infrastructure.”
Also Read: Charles Hoskinson Wants to Fix Cardano’s $5Bn DeFi Problem
How Many Prediction Markets do we Have?
Interestingly, this isn’t stopping here. Winklevoss-bro led Gemini has also announced the exchange’s entry into launching the prediction market. Not only exchanges, the Blockchains say BNB chain is also powering an increasing number of prediction market platforms – boasting around 24 as of writing with latest being Myriad Markets and Opinion.
Kraken is also moving into the space by acquiring a CFTC-licensed venue – The Small Exchange. It is speculated to be building regulated U.S. derivatives / event-contract capability.
Solana, Base, and Polygon lead in the number of prediction market platforms. pic.twitter.com/2JBSSF7neF
— Messari (@MessariCrypto) September 23, 2025
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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