Prospect Markets has signed a letter of intent with Crypto.com-backed Foris DAX FCM LLC (operating as OG Broker), a registered Futures Commission Merchant, to launch a sports-focused prediction market.
The agreement outlines a proposed relationship with the North American Derivatives Exchange Inc. (Nadex), which operates the OG Prediction Markets and Crypto.com | Derivatives North America brands, along with a clearing relationship through OG Broker. The arrangement is intended to support Prospect Markets’ planned launch of sports-based event contracts for U.S. participants.
Through the partnership, Prospect Markets plans to introduce U.S. users to Commodity Futures Trading Commission (CFTC)-regulated event contracts via OG Broker, marking the company’s entry into the U.S. prediction markets sector.
“Partnering with OG Broker is the moment Prospect goes from vision to reality in the US,” said Johnny Chen, Founder and CEO, Prospect Markets. “Our mission is to make every sports moment tradable, and this gives us the infrastructure to prove it at the scale the American market demands.”
Steve Humenik, Chief Legal Officer of OG and Executive Vice President and Global Head of Legal for Prediction and Capital Markets at Crypto.com, added: “We are excited to partner with Prospect Markets as they look to enter the growing U.S. prediction market landscape.
“This partnership underscores our commitment to expanding a compliant digital asset and derivatives ecosystem that offers U.S. participants unparalleled trust and transparency.”
The proposed partnership remains subject to the execution of definitive agreements and any required regulatory approvals. The parties are targeting a product launch in the third quarter of 2026.