Prospect Markets has entered into a letter of intent with Foris DAX FCM LLC, backed by Crypto.com, to establish a prediction market focused on sports events.

This agreement details a planned collaboration with the North American Derivatives Exchange Inc. (Nadex), which manages the OG Prediction Markets and Crypto.com | Derivatives North America brands, alongside a clearing service offered by OG Broker. This initiative aims to facilitate Prospect Markets’ introduction of sports-based event contracts for participants in the U.S.

Through this strategic partnership, Prospect Markets intends to provide U.S. users with access to CFTC-regulated event contracts via OG Broker, thereby marking the company’s entry into the U.S. sports prediction market.

“Teaming up with OG Broker signifies the transition of Prospect from concept to a tangible reality in the U.S.,” stated Johnny Chen, Founder and CEO of Prospect Markets. “Our goal is to make every moment in sports tradable, and this partnership provides us with the necessary infrastructure to achieve that at the scale required by the American market.”

Steve Humenik, Chief Legal Officer for OG and Executive Vice President and Global Head of Legal for Prediction and Capital Markets at Crypto.com, remarked: “We are thrilled to collaborate with Prospect Markets as they venture into the expanding U.S. prediction market landscape.”

“This collaboration embodies our dedication to establishing a compliant digital asset and derivatives ecosystem that assures U.S. participants unmatched trust and transparency.”

The proposed partnership is still dependent on final agreements and any needed regulatory approvals, with both parties aiming for a product launch in the third quarter of 2026.