Prospect Markets has launched its US prediction market platform, allowing eligible customers to open accounts, deposit funds and trade a limited selection of sports event contracts.
The Nov. 12 launch of the sports-focused platform follows an invitation-only soft launch in September and builds on the company’s partnership with Crypto.com, whose federally regulated derivatives exchange provides the underlying contracts.
Prospect’s US brokerage subsidiary registered with the Commodity Futures Trading Commission (CFTC) as an introducing broker in August. A separate subsidiary became a member of Crypto.com’s exchange that month.
“Our mission from day one has been to make every sports moment tradable, and starting today, eligible sports fans across the United States can do exactly that, on a platform built for the way they actually watch,” Prospect Markets founder and CEO Johnny Chen said in the launch announcement.
NFL-only launch features detailed market data
A NEXTPredict.io review of the new platform Thursday found 14 open markets, all covering NFL games. The site also displayed resolved NFL markets dating back to late September, while college football and NBA markets were labeled as coming soon.
Despite the limited initial selection, individual market pages offer extensive information beyond contract prices. They include price-history charts, team and player statistics, upcoming schedules, stadium and weather details, and sections for play-by-play updates and box scores.
The trading interface also features an order book displaying bids, asks and available quantities at different prices. Users can set limit prices, choose contract quantities and view their open positions and trading history.
“We’ve built more than a transactional interface: we’ve built intelligence and context around every trade,” Chen said, describing the company’s effort to bring tools familiar to equities and options traders into sports prediction markets.
Prospect looks to expand beyond NFL
Prospect has not announced a timetable for adding the NBA and college football markets advertised on its platform.
The publicly traded Canadian company is also developing an institutional trading and market-making business alongside its consumer-facing platform. Its subsidiary, Prospect Trading USA LLC, joined Crypto.com’s derivatives exchange in August to support those efforts.
“With the launch behind us, our focus turns to scale: growing our user base, expanding our markets, and establishing Prospect as the sports-native platform in prediction markets,” Chen said.