Crypto.com and Hollywood.com announced a partnership to launch entertainment-focused prediction markets. Event contracts will be offered by Crypto.com | Derivatives North America, a CFTC-registered exchange and clearinghouse, to Hollywood.com users.

Join IG, CMC, and Robinhood in London’s leading trading industry event!

Crypto.com recently secured full CFTC derivatives licenses for its U.S. affiliate, allowing it to operate as a designated contract market and clearinghouse and offer regulated event contracts to U.S. retail participants.

Crypto.com Launches Entertainment Prediction Markets

The latest partnership provides entertainment fans with a federally compliant way to access event contracts and make predictions about movies, shows, actors, awards, and other entertainment topics.

[#highlighted-links#]

“As prediction markets continue to grow and be part of a customer’s trading and investment strategy, we are excited to partner with a leading entertainment media property to offer customers a new way to engage with their favorite content,” said Travis McGhee, Managing Director, Global Head of Capital Markets at Crypto.com.

Fans Trade Real-Time Entertainment Event Contracts

The new offering allows users to express and trade opinions on entertainment events across Hollywood movies, Broadway shows, television programs, musical artists, major award shows, and more. Prices update in real time, enabling users to react instantly to developments.

“The success of prediction markets demonstrates the massive appetite for trading on the outcome of future events,” said Mitchell Rubenstein, Co-CEO of Hollywood.com.

“Partnering with Crypto.com, we’re launching the first prediction platform dedicated entirely to movies, TV, video gaming, Broadway, pop culture, and celebrities.”

Source: Finance Magnates