Prospect Markets Joins CFTC-Regulated Crypto.com for US Entry

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Prospect Markets announced Tuesday that its indirect wholly owned subsidiary, Prospect Trading USA LLC, has become a member of Crypto.com Derivatives North America (CDNA). It's another step toward the company's planned entry into the U.S. prediction market sector.

Key Takeaways

• Founded in 2025, Prospect Markets is a Canada-based company developing a sports-focused prediction market platform.

• Prospect Markets issued a letter of intent in July to work with Crypto.com-related entities on its U.S. expansion.

• Prospect Trading USA became a member of CFTC-regulated Crypto.com Derivatives North America on Tuesday.

CDNA is regulated by the U.S. Commodity Futures Trading Commission (CFTC).

"We are proud to become a member of CDNA, one of the most established CFTC-regulated exchanges in the United States and a pioneer in event-contract markets," said Johnny Chen, founder and chief executive officer of Prospect. "Membership on an exchange of this pedigree is an important milestone for Prospect. 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."