Prospect Markets Eyes U.S. Sports Prediction Market Entry Through Crypto.com-Linked Deal

Prospect Prediction Markets Inc. (TSXV: MKT / OTCQB: MKTSF / FSE: DEP) is making its long-awaited move into the United States, announcing a non-binding letter of intent with Foris DAX FCM LLC, the Crypto.com-backed entity operating as OG Broker.

The deal, still in its early stages, would see Prospect connect to the North American Derivatives Exchange Inc., the CFTC-registered exchange and clearinghouse behind the OG Prediction Markets and Crypto.com | Derivatives North America brands. Through that link, and a clearing arrangement with OG Broker, Prospect would be positioned to roll out sports-based event contracts to US traders, a market the company estimates tops $1 trillion a year.

It's a milestone moment for the Vancouver-based company, which has built its platform around letting sports fans trade peer-to-peer on live outcomes using real-time data through what it calls a "second-screen" experience. Getting into the US market has been the obvious next step, and this LOI is the clearest signal yet that it's happening.

Company founder and CEO Johnny Chen framed the tie-up as the turning point for Prospect's US ambitions, saying the partnership gives the company the infrastructure to prove its mission at the scale the American market demands. On the other side of the table, Crypto.com's Steve Humenik, Chief Legal Officer at OG, pointed to the move as part of a broader push toward a compliant digital asset and derivatives ecosystem built on trust and transparency for US participants.

For now, everything hinges on paperwork. The LOI is non-binding, and the companies still need to hammer out definitive agreements and clear regulatory hurdles, including NFA registration before anything goes live. Assuming that happens, the two sides are targeting a Q3 2026 launch.

OG Broker is part of the wider Crypto.com ecosystem, which has been pushing hard into prediction markets and tokenized real-world assets as part of its "Cryptocurrency in Every Wallet" strategy. Its North American Derivatives Exchange arm is CFTC-registered as both a designated contract market and a derivatives clearing organization, offering contracts across crypto, financials, economics, climate, and culture, accessible directly or through intermediary brokers.

Prospect Markets, for its part, has staked its identity on sports specifically, aiming to turn everything from major league games to niche competitions into tradable markets for fans.

Nothing is locked in yet. Until definitive agreements are signed and regulators sign off, the partnership remains a statement of intent rather than a done deal, but if it clears those hurdles on schedule, Prospect's US debut would land sometime in the third quarter.