Crypto.com Prediction Markets Review

Crypto.com is a leading global trading exchange where you can buy and sell cryptocurrencies like Bitcoin. However, it has also recently launched a separate predictions trading section to its site and apps, which is generating heaps of public interest.

Based on this, I’ve created a complete Crypto.com prediction markets review where I look at how this sweet new feature works. If you read on, you’ll see my findings relating to the legitimacy of this site, the different prediction markets it offers for P2P trading, and whether or not I recommend it for US customers.

How does Crypto.com Predictions work?

Before I get into the fine details of this site, you need to know what it is and how it works. The predictions section of Crypto.com is a peer-to-peer prediction markets trading exchange. You, the customer, can create an account here using the banners I’ve put on this page, and then buy, sell, and hold event contracts relating to a huge range of different predictions categories including sports, politics, and the economy.

This is NOT betting. No odds are involved, and you are not doing anything against the house like you would at a sportsbook. It is pure P2P trading and there are two types of event contracts you can buy at Crypto.com:

• $1 event contracts with a settled value of $1 (minus fees).
• $10 event contracts with a settled value of $10 (minus fees).

You buy these contracts at prices equal to or lower than the event contract's settled value, and then you can potentially sell them if the contract value shifts in your favor, or you can hold them and wait for the event to expire. At this point, if you got the prediction right, you will get the settled value of your contracts back, minus fees. That’s the basics of what event trading is. Simple, right?

Is Crypto.com legit? Looking at its core features

I wanted to make sure that Crypto.com is a legit prediction market operator so I spent a lot of time looking at what I call the core features. This includes things like regulatory compliance, security, customer support availability, and trading fees. Nothing I saw gave me cause for concern and I am 100% confident that Crypto.com is the real deal.

It is a CFTC-regulated exchange

The first thing I look for is that the operator is regulated by the Commodity Futures Trading Exchange. This is non-negotiable and you must only ever trade at sites that comply with CFTC regulations. Crypto.com is indeed regulated by the CFTC via its CDNA (Crypto.com Derivatives North America) exchange. This information is readily available and they also have dedicated sections relating to licenses and registrations.

The site has excellent transparency for its operations

I want to know everything there is to know about a prediction markets site before signing up, and I think that Crypto.com does a great job of explaining its services and being transparent about its operations. You can clearly see the CFTC regulation information and the parent company information in the website footer which is a great start.

On top of that, the different landing pages for the trading products are great for beginners and fully explain how the different features work. I also found all the relevant documentation I expect to see at this type of trading site such as licenses and registrations, company listings, security information, and proof of financial reserves.

There is an extensive support center

If you need help on the desktop website then you will have to use the help center. I found this especially useful and it contains a huge range of support topics relating to payments, account management, trading, prediction markets, event contracts, and other important features. I actually found that I didn’t need to contact the customer support team due to the effectiveness of the help center.

Regardless though, to speak to someone you can send an email, or there is a live chat option available on the two Crypto.com apps. I tested the live chat feature on the Android app and managed to speak to someone within 5-6 minutes, whereas email replies were much slower, usually taking 3-4 hours.

The website and apps are secure

I made sure to check the security of the Crypto.com desktop website and mobile apps and I was happy with what I saw. The site uses SSL encryption, and at the time of creating this Crypto.com prediction markets review, there was an active SSL certificate provided by Let’s Encrypt. This operator also has an incredibly strict KYC policy and verification process to protect users from fraud and to make sure you can only access parts of the site that are legal in your jurisdiction.

When I created my Crypto.com account I had to go through multiple verification steps as part of the signup process. This included providing a secure pin code, verifying my phone number by entering an SMS code, and doing a complete ID check. For the ID check, you are taken to a secure, trusted third party app where you can upload a selfie and an ID document like a driver’s license - don’t worry, the app does NOT keep your data on file - it just uses it to verify your ID.

You can make payments via a range of methods

Once I created my Crypto.com account I was able to credit it via a range of different potential payment methods including crypto, PayPal, Instant Deposit, ACH Bank Transfer, Wire Bank Transfer, Venmo, Visa, and MasterCard. From my experience, the payment process is simple and you can either deposit crypto using an external wallet, or make direct fiat deposits using standard payment methods. It’s quite flexible in its approach to moving funds.

For withdrawals, the same payment methods are available, and I always found payment to be processed promptly. When testing withdrawals, crypto payments to my external wallet were generally processed faster - often instantly. Fiat withdrawals were also fast, but in most instances you can expect to be waiting a maximum of 24 hours.

There is a simple fee structure for event contracts

One thing you have to be wary of when using any prediction markets site are trading fees. Typically, sites will charge fees when you buy and sell contracts, or if they settle when the event expires. This ultimately eats into your potential returns. For this Crypto.com prediction markets review I checked out their fee structure and found the following:

I think this is reasonable as it still gives you plenty of room for margins and to potentially make money from your trades. Also note that if your event contracts settle unsuccessfully, there are no fees, but you won’t get any return regardless.

Where is Crypto.com available?

You’ll be able to access Crypto.com’s prediction markets from 48 US states. The only exceptions are New York and Arizona. On top of that, residents of some states are barred from accessing the sports predictions markets. Those are: Nevada, Ohio, Michigan, Maryland, Massachusetts, Illinois, and New Jersey.

Notably, only sports prediction markets are banned in those states. As long as you’re not in New York or Arizona, you can still join Crypto.com and trade on any of the non-sports markets available.

Using the Crypto.com Predictions site and apps

See how to predict market movements

Sign up for Crypto.com and start making predictions

Usability is important for me - I want to be able to browse the prediction markets with ease, trade on either my PC or mobile, and generally have a stress-free experience and I’m confident that Crypto.com offers this. Overall, I was impressed with the desktop website and the downloadable mobile app and never experienced any glaring issues. It’s also worth noting that while English is the first available language option, you can switch to others too.

Are there any promotions at Crypto.com?

When I wrote this Crypto.com prediction markets review I did not find a specific welcome bonus for the prediction markets section. This is a common trend though and you will find that unlike sportsbooks and casinos, prediction markets will usually NOT have promotions or bonuses - it’s just not really how trading sites work.

There IS a Crypto.com welcome bonus specifically for the crypto trading exchange though, i.e. the section of the site where you can buy, sell, and swap cryptocurrencies. This is a simple promo where you have to complete missions in order to potentially get rewards.

The mission targets depend on your region, but you typically have to trade $100 or $500 to unlock your first bonus. You won’t need a Crypto.com promo code to activate the offer. But again, this offer can’t be used on the app’s prediction markets.

What prediction markets does Crypto.com support?

For this part of my Crypto.com review I wanted to look specifically at the prediction markets it supports. This is a multi-market site that offers both sports and events trading with the following categories:

✅ Sports.

✅ Culture.

✅ Financials.

✅ Politics.

✅ Crypto.

✅ Companies.

✅ Economics.

✅ Climate.

These are most of the prediction markets I expect to see at this type of site, but as you will see below, some sections are better-equipped and have more variety than others. In essence, I think Crypto.com is more geared towards sports prediction trading. This is the category that has the most options and also the most trading activity. If you are a sports fan and want to buy and sell event contracts for your favorite team, I think you’ll find plenty of opportunities here.

However, if you are a trader looking for more global and news-related predictions then Crypto.com might fall short. As this is still a new section to the site though, I expect that as more users sign up and there is more trading volume, that the available markets will diversify in the future. Below you can see my specific thoughts on the sports prediction trading sections, and how it compares to the others.

Sports

Predict the outcomes of your favorite sports events and more

Enjoy transparent and secure market predictions at Crypto.com

As I said, the sports section is the most detailed at Crypto.com. It features the following sports categories:

🏀 Basketball.

⚾ Baseball.

⚽ Soccer.

🎾 Tennis.

🏑 Hockey.

⛳ Golf.

🏈 Football.

🏎️ Motorsport.

For basketball, you have prediction markets for both the NBA and NCAA games and I like that there are both futures and scheduled markets. For example, you can buy event contracts relating to the regular season NBA MVP, but also on the outcome of specific upcoming matches such as the Detroit Pistons vs. Chicago Bulls.

The other sports have similar options, and I noticed that for the soccer section you have event contracts available for the major leagues like the EPL, La Liga, and Bundesliga.

Other event categories

The events section is nowhere near as detailed as the sports predictions and I think it has major room for improvement. When I wrote this Crypto.com prediction markets review, there were only a handful of markets for each of the main categories. For example, in the culture section, there were predictions on the Oscars ceremony, while in the companies section you could buy and sell event contracts relating to company valuations at the end of the month.

The politics and economics sections looked to have the widest range of predictions, but these still ultimately fall short in terms of variety compared to other prediction markets sites I have reviewed.

The crypto predictions category is a standout. It is present on the app, but it’s totally empty at the time of writing. No prediction contracts available.

Final verdict - how does Crypto.com Predictions shape up?

I hope you’ve enjoyed reading my Crypto.com prediction markets review - I definitely enjoyed creating it. Out of all the prediction markets sites that I’ve tested recently, I think that Crypto.com is right up there with the best options. In terms of usability, security, features, and sports prediction markets, it ticks all the boxes.

I do think it needs to expand its events trading sections though, as it does not have anywhere near the number of predictions as some other contenders. Still, if you want to trade sports predictions on both US and global leagues and events, I think you’ll love Crypto.com. To try it out for yourself and to get signed up, please feel free to click any of the banners I’ve placed on this page.

Crypto.com Predictions FAQs

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