[DigitalToday reporter Chi-gyu Hwang (황치규)] Digital finance platform company Crypto.com said on Tuesday it will officially launch its prediction market platform, OG.

The company said OG is a service that combines a consumer-friendly app environment, social media-style participation elements and institutional-grade reliability. It supports users in trading and communicating about the likelihood of outcomes across various real-world events and participating in competition through a leaderboard.

OG provides access to a broad range of event contracts across finance, politics, culture and entertainment, including sports event contracts regulated by the CFTC (U.S. Commodity Futures Trading Commission). To mark the launch, OG will offer rewards worth up to $500 to the first 1,000,000 subscribers who sign up.

Going forward, OG plans to expand availability to include CDNA margin-based prediction contract products (margin prediction contracts) through Crypto.com's federally licensed futures commission merchant (FCM).

Crypto.com co-founder and CEO Kris Marszalek (크리스 마르잘렉) said, "Crypto.com has built a global brand and an outstanding app experience during a phase of rapid growth even in a complex regulatory environment." He added, "Now we want to bring that experience to the prediction market sector once again through OG." He said, "Over the past 6 months, we achieved 40-fold weekly growth in the prediction market business, and that growth led to the strategic decision to launch an independent platform." He added, "Our goal is to grow OG into a premium sports prediction market technology platform."