With sports predictions making waves in the US, it's no surprise that many traders are now interested in actively participating. We’ve reviewed many prediction sites, and so far, Crypto.com has been our favorite for sports predictions.
Based on our research, Crypto.com sports predictions are under the oversight of the Commodity Futures Trading Commission (CFTC). At Crypto.com, you trade event contracts based on the outcomes of real-world sports events. In this guide, we’ll explain how these Crypto.com sports event contracts work, the available sports and markets, and also show you how to get started.
Before dropping the scoop on Crypto.com sports predictions, we’d like to give you a brief intro into how predictions work.
With predictions, you get to speculate on outcomes of real-world events such as sports, politics, climate, and so on. The event contracts are represented by “Yes” or “No” positions based on how we think the event will play out.
Each time we traded “Yes,” it meant we believed the event would happen, while “No” meant it wouldn’t. These contracts also include a price that tells you the likelihood of the event occurring. From our checks, we found Crypto.com contract prices ranging from $0.01 to $100. However, the prices aren’t set by Crypto.com as you’d see at traditional sportsbooks.
Instead, they’re determined by the collective sentiment of traders buying and selling in that market. Therefore, prices tend to move up and down as the market sentiment changes.
This peer-to-peer model is what makes Crypto.com different from regular sportsbooks. That’s why prediction trading for Crypto.com sports is legal in all US states (except New York) because its event contracts are treated as financial derivatives.
We’ve revealed how prediction trading and event contracts work, so let’s talk about Crypto.com sports event contracts. At Crypto.com, we found event contracts for about 8 sports, including motorsports, football, soccer, golf, tennis, hockey, basketball, and baseball.
Here are some examples of sports contracts we found:
For soccer contracts, we observed that we could also buy contracts for a tie. That means, besides purchasing contracts for either Real Madrid or Bayern Munich to win, you can just buy contracts that the match will end in a tie.
As for the markets, here’s what we found for these contracts:
| Crypto.com sports market | Details |
|---|---|
| Match winner | Predict which team will win the game. |
| Totals | Predict correctly if the total score of both teams will be above or below a set combined number of points. |
| Spread | Predict the team that wins the match even after a point spread is added. |
Likewise, you can find these markets available for live and future sports events at Crypto.com. Most future events focus on championship titles and awards at the end of the season. For instance, we traded on future event contracts such as:
So, what happens if you make the right sports predictions at Crypto.com? Now, if your predictions happen to be correct, Crypto.com gives you $1, $10, or $100, depending on the contract traded. However, if you’re wrong, you’ll get nothing.
Thankfully, at Crypto.com, we had the option to exit our contract trades even before the event was resolved. That way, we could cut our losses and also lock in early profits made from the trade.
Also, in our review, we noted that Crypto.com fees apply per contract when you open or exit your trades. You’ll be charged two types of fees per contract: technology and exchange fees. From our experience, the fees you are charged depend on the worth of your contracts.
We appreciated that sports predictions were available on the Crypto.com app. The process for registering and trading on the website and app is the same, so you don’t need to worry. However, app availability also depends on your region. We noted that New York traders aren’t allowed to use the app.
Nevertheless, here’s how to create your account within five minutes on the app:
Launch the official Crypto.com website via the banners on the page
Click “Get the app” to download and install the app on your phone
Once installed, press “Sign Up”
Enter your email address and a Crypto.com referral code if you have one
Confirm your email using the link in your inbox
Provide your mobile number and tap “Send Verification SMS"
Input the 6-digit code sent to your phone, then press "Continue"
Confirm your identity by entering your full legal name as shown in your ID
Upload a picture of your ID (Passport, driver’s license, or any government-issued ID)
Verify your address and take a live selfie photo
Fund your account to start trading event contracts on your selected sports market
Now, Crypto.com is CFTC-regulated, which makes it legal to operate in most US states. However, in our Crypto.com predictions market review, we learned that residents in certain states can’t trade on its sports event contracts.
These states include New Jersey, Ohio, Nevada, Michigan, Arizona, Maryland, Illinois, and Massachusetts. Likewise, you can only trade at Crypto.com if you’re 18 or older.
Sponsored by Crypto.com – Not investment advice. Trading prediction markets and crypto involves risk, including potential loss of your stake. Consider your risk tolerance before participating. Crypto.com connects U.S. users to CDNA (regulated by CFTC) for derivatives trading. CDNA membership required. Trading may not be suitable for all—you could lose your entire investment plus fees. Past performance doesn't guarantee future results. This is not a solicitation or recommendation to trade.
Sure, Crypto.com is a good destination for sports predictions. However, we couldn’t help but notice it also has its ups and downs. That said, here’s a summary of the pros and cons:
Before ending this guide, we’d like to share a few tips to help you maximize your predictions at Crypto.com:
If you’re planning on joining Crypto.com, we recommend you make predictions on sports you already know. For us, that was soccer; we already knew match dynamics, players, and so on. This information can be an added advantage for you when making predictions.
We understand the hype that comes with backing your favorites, but such emotions can affect how you make sports predictions at Crypto.com. Ensure you base your predictions on statistics and performance data, not just loyalty.
As explained earlier, contract prices on Crypto.com can change based on market sentiment. This change also results from traders reacting to new information about a particular sports event. When trading on predictions, watch sports news or listen to match commentaries for new updates. Doing so can help you know when to exit your trades or whether to keep them open until resolved.
No doubt, Crypto.com is a nice hub for sports predictions, as you’ve seen in our guide. Even though its sports options aren’t much, we still made predictions on top categories like soccer, basketball, and football. Plus, Crypto.com sports predictions also include markets for match winners, totals, and point spreads.
If you know your sports well and you’re right, you get $1 per contract. Also, you get to enjoy all of these on the go using Crypto.com’s mobile app. The only downside is that sports event contracts at Crypto.com aren’t available in all US states, so you won’t be able to join trades if you reside in an excluded state.
If you’re ready to give it a try, click the banners on this page to register with Crypto.com today.
Crypto.com sports predictions involve buying and selling event contracts on real-world sports events. You’ll just have to trade on “Yes” or “No” positions on how you think a sports event will occur.
As stated in this guide, Crypto.com lists markets for point spreads, match winners, and totals (over/under).
Yes. Crypto.com is legal for sports predictions in the US and is regulated by the CFTC. However, not all parts of the US can trade sports event contracts at Crypto.com. Currently, NJ, OH, NV, MI, AZ, MD, IL, and MA are excluded from participating in Crypto.com sports predictions.
You can start making sports predictions at Crypto.com from the age of 18.
This content is sponsored by Crypto.com: Securely Buy, Sell and Trade Bitcoin, Ethereum and 400+ Crypto and should not be considered as investment advice. Trading on prediction markets carries risks, including market volatility and the possibility of losing your stake. Before participating, carefully consider your risk tolerance and the potential outcomes. Foris DAX Inc. and Foris Inc. (d/b/a Crypto.com) offer connectivity to Crypto.com | Derivatives North America (CDNA), which is regulated by the Commodity Futures Trading Commission, for the purpose of trading derivatives on and subject to the rules of CDNA. Currently available for U.S. users only, who must first become a Member of CDNA prior to trading event contracts on CDNA. Trading on CDNA involves risk and may not be appropriate for all. Customers risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Past performance is not necessarily indicative of future results. None of the material on Crypto.com or CDNA is to be construed as a solicitation, recommendation or offer to buy or sell any financial instrument on CDNA or elsewhere. CDNA is subject to U.S. regulatory oversight by the CFTC.