Crypto.com Partners With Hollywood.com To Launch Prediction Market

Crypto. com, in partnership with Hollywood. com, has unveiled a legal, regulated prediction market built around the entertainment ￰0￱ new product allows users to make predictions on films, actors, TV shows, musicians, awards and theater ￰1￱ the partnership, event contracts will be offered by ￰2￱ | Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse affiliated with ￰3￱ market will run through Hollywood. com, offering users a “safe and federally regulated way” to engage with entertainment ￰4￱ this move, ￰5￱ is moving beyond its existing portfolio of derivatives and sports event contracts and entering the broader forecasting ￰6￱ to its ￰7￱ licence,including a DCO amendment from the Commodity Futures Trading Commission — the firm can offer cleared margin derivatives and event contracts to ￰8￱ the Platform Works and Why It Matters Users will be able to trade predictions on a variety of entertainment-based events, such as which film will top the box office, who will win major awards, or which musician will hit #1 on the ￰9￱ update in real time, letting users react instantly to news and developments in the world of show ￰10￱ development comes amid growing interest in prediction ￰11￱ example, the wider crypto-derivatives space has seen monthly volumes of over US $1.3 trillion as of late 2023.

Meanwhile, ￰12￱ itself reported Q3 revenue of around US $1.2 billion and net income of roughly US $75 million, demonstrating its strong position in the ￰13￱ coupling entertainment—an area of intense fan engagement—with regulated financial products, the companies hope to tap into a new category of trading and ￰14￱ to Hollywood. com’s co-CEO, this platform is the first fully-dedicated entertainment prediction market.