Crypto.com, in partnership with Hollywood.com, has unveiled a legal, regulated prediction market built around the entertainment industry.
The new product allows users to make predictions on films, actors, TV shows, musicians, awards and theater productions.
Under the partnership, event contracts will be offered by Crypto.com | Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse affiliated with Crypto.com. The market will run through Hollywood.com, offering users a “safe and federally regulated way” to engage with entertainment predictions.
With this move, Crypto.com is moving beyond its existing portfolio of derivatives and sports event contracts and entering the broader forecasting space.
Thanks to its U.S. regulatory licence,including a DCO amendment from the Commodity Futures Trading Commission — the firm can offer cleared margin derivatives and event contracts to U.S. users.
How 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 charts. Prices update in real time, letting users react instantly to news and developments in the world of show business.
This development comes amid growing interest in prediction markets. For example, the wider crypto-derivatives space has seen monthly volumes of over US $1.3 trillion as of late 2023.
Meanwhile, Crypto.com itself reported Q3 revenue of around US $1.2 billion and net income of roughly US $75 million, demonstrating its strong position in the market.
By coupling entertainment—an area of intense fan engagement—with regulated financial products, the companies hope to tap into a new category of trading and participation. According to Hollywood.com’s co-CEO, this platform is the first fully-dedicated entertainment prediction market.
