Letter of Intent with Foris DAX FCM LLC, operating as OG Broker, which is backed by Crypto.com, to launch a sports focused prediction market experience through a CFTC-registered exchange and clearinghouse in the United States, targeting an addressable market estimated to exceed $1 trillion in annual trading volume. Vancouver, British Columbia–(Newsfile Corp. – July 7, 2026) – Prospect Prediction Markets Inc. (TSXV: MKT) (OTCQB: MKTSF) (FSE: DEP) (“Prospect Markets” or the “Company”) is pleased to announce that it has signed a non-binding letter of intent (the “LOI”) with Foris DAX FCM LLC operating as OG Broker, a registered Futures Commission Merchant (FCM) and related entity of Crypto.com.
This excerpt is quoted from the original release. Read the full announcement on Newsfile Corp.
Brief Summary
Prospect Markets is making strides into the US prediction market landscape by partnering with Crypto.com to establish a sports-focused platform. This partnership with Foris DAX FCM LLC, operating as OG Broker, marks a significant milestone, leveraging a legally compliant framework through a CFTC-registered exchange.
- Estimated market size: Over $1 trillion in annual trading volume.
- Partnership: Non-binding letter of intent signed with Foris DAX FCM LLC.
- Compliance: Operating within CFTC guidelines.
- Strategic position: Expansion into a rapidly growing sector.
Why it matters: This initiative could redefine the betting landscape in the US, providing innovative opportunities for traders and investors alike.
Read the Full Article
This is a summary of the press release. For the complete article and any additional details, please visit the original source.
Attribution: Original press release by Newsfile Corp on . We provide an AI-generated summary and links for convenience. Always verify details with the original source. Not investment advice. For informational purposes only.