Prospect Markets Teams with Crypto.com for US Expansion Plans

Prospect Markets has secured exchange access through Crypto.com as it builds the infrastructure needed to enter the U.S. market.

The Canada-based sports prediction market operator announced that its indirect wholly owned subsidiary, Prospect Trading USA LLC, has become a member of Crypto.com Derivatives North America (CDNA), which is regulated by the CFTC.

According to Johnny Chen, founder and chief executive officer of Prospect Markets, 'We are proud to become a member of CDNA... It supports the buildout of our Institutional Trading division and deepens our role in the U.S. prediction markets ecosystem as it continues its rapid growth.'

The membership will give Prospect direct access to CDNA as the company continues building toward a U.S. launch of its sports-focused prediction markets.