Most people assume Crypto.com sports betting means picking winners and placing bets like you would on other sportsbooks. But that’s not the case. There’s no sportsbook on Crypto.com, but there is something completely different.
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What you’ll find instead is called Sports Event Trading, a product launched in late 2024 and regulated at the federal level. It feels more like trading than traditional sports betting. You’re choosing Yes or No on fixed-outcome contracts, not betting against a sportsbook. After using it ourselves, we put together everything you need to know about how it works.
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When we first saw this feature on our
Crypto.com prediction markets review, it felt like something between sports betting and trading binary options. However, you’re not entering a sportsbook, you’re trading fixed-outcome contracts on sports results.
Let’s say the 49ers are playing the Cowboys. The contract might be “Will the 49ers win? Yes or No?” Each contract is available in $1, $10, or $100 tiers. If you buy a $10 “Yes” and the 49ers win, you get $10. If they lose, your risk is capped at the amount you placed. That’s it. Your maximum loss is your purchase price.
And prices change in real time. A $10 “Yes” might be selling at $7.50 pregame, which means the market sees a 75% implied chance of it happening. The lower the price, the more upside if you’re right. You can also close your trade early if things shift mid-game or if you’re watching pregame odds fluctuate.
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Pros and Cons of Sports Event Trading
Pros and Cons
Fixed-payout structure with clear max loss
Available across the U.S.
Ability to close positions early before game results
Fund with USD or convert crypto instantly in-app
Only Yes/No contracts, no advanced or custom markets
How It’s Different from a Sportsbook
This isn’t just about how it looks, it’s about how it’s regulated, structured, and managed. Sports Event Trading on Crypto.com plays by a very different rulebook compared to your standard state-licensed sportsbook.
Regulation
Crypto.com’s Sports Event Trading is regulated at the federal level by the CFTC (Commodity Futures Trading Commission), not by individual state gambling commissions. That’s a huge shift in how this product is viewed legally.
Venue
It’s all handled through Crypto.com Derivatives North America (CDNA), a fully licensed exchange and clearinghouse. They’ve got the full CFTC setup, DCM (Designated Contract Market), DCO (Derivatives Clearing Organization), and FCM (Futures Commission Merchant).
Mechanics
This isn’t a house-versus-player setup. It runs like a trading exchange with an order book, live market prices, and Yes/No contracts across $1, $10, and $100 tiers. Prices move in real time, and you can trade in or out before settlement.
Payouts
Each contract has a fixed payout based on the tier. If you’re right, you get the full contract value, no more, no less. There are no partial wins or odds multipliers like you’d find on a sportsbook.
Risk
What stands out the most is that you always know exactly how much you’re risking, it’s the cost of the contract plus fees. That’s it. There’s no exposure beyond what you paid to enter.
Sponsored by Crypto.com – Not investment advice. Trading prediction markets and crypto involves risk, including potential loss of your stake. Consider your risk tolerance before participating. Crypto.com connects U.S. users to CDNA (regulated by CFTC) for derivatives trading. CDNA membership required. Trading may not be suitable for all—you could lose your entire investment plus fees. Past performance doesn’t guarantee future results. This is not a solicitation or recommendation to trade.
Where Can You Use It?
Crypto.com’s Sports Event Trading is only available in the U.S. Not just a few states though, they say it is “available throughout the U.S.” That seems to be true, but now with the exception of Nevada. That said, you still need to go through a verification process. To access the trading feature, you’ll complete onboarding with CDNA, which includes KYC checks and setting up a USD Cash Account. If you’re already using the
Crypto.com app, you’ll find it under the Sports tab.
As far as we could tell, availability doesn’t change by state (unlike most sportsbooks), which is a big deal. But since this is a CFTC-regulated product, you’ll still need to be at least 18 and meet standard verification requirements.
How to Use the Feature
Setting things up wasn’t hard, but it’s more involved than just logging in and picking a side. Here’s how it works:
Sign up to the Crypto.com app through the banners on this page (or use web version).
Head to the Sports tab and start the onboarding for CDNA.
Verify your identity and create a USD Cash Account.
Fund your account either via:
ACH or wire transfer
Or convert crypto (like BTC or ETH) to USD instantly via the in-app “Crypto Funding” tool
Browse available games and pick a market.
Choose “Yes” or “No,” select your contract tier ($1/$10/$100), and pick how many contracts you want.
Check the Estimated Total, which includes fees and slippage, then place your order.
Your open positions show in the app like a portfolio, you can close them before the game ends, or hold them to expiration. If your outcome was correct, your payout lands in USD the next business day.
Fees, Limits & How Payouts Work
Crypto.com doesn’t bury the fine print. Everything around
Crypto.com fees
and limits is laid out pretty clearly once you’re in the Sports Event Trading section. Every trade has two potential costs, and both depend on the contract tier you’re using.
Trading Fee
This one hits when you open a position. The amount depends on whether you’re in the $1, $10, or $100 tier. For example:
$1 tier = $0.02 trading fee
$10 tier = $0.20 trading fee
$100 tier = $1.99 trading fee
It’s automatically added to your estimated total before you place the order, so there’s no surprise charge afterward.
Settlement Fee
If you hold the contract to expiry, meaning you don’t close early and just let it ride, there’s a small settlement fee added:
$1 tier = $0.01
$10 tier = $0.10
$100 tier = $0.50
If you close your position before the result is final, you skip this fee entirely.
Payouts
All payouts are made in USD to your Cash Account on Crypto.com. If your contract was right, you’ll get the full tier value the next business day after the event settles. No waiting days or guessing when it hits. If the result’s finalized on Sunday, expect it by Monday or Tuesday depending on the time.
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Which Markets Are Available?
Markets are super simple compared to sportsbooks, no complicated props or same-game setups. You’ll usually see three types:
Sportsbook Term
CDNA Market Name
Example
Moneyline
Winner
Will Kansas City win?
Spread
Spread
Will Miami cover +3.5?
Totals
Totals
Will the total be over 45.5?
There’s also a “More Markets” section for some games, especially NFL and NBA. But most of what we traded was one of those core three. You’ll want to keep an eye on which markets are live, availability can shift depending on the sport and timing.
Predictive Sports Trading Tips
This isn’t financial advice, but if you’re brand new to this style of
sports trading, here are a few things we learned fast:
👀 Watch the price
A $10 contract priced at $6 means the market thinks there’s a 60% chance it’ll hit. If you’re right, you’ll pocket $4 in winnings. That price acts as the implied probability, so read it like you would odds.
⏰ Liquidity drops near game time
About 10 minutes before kickoff, things can get sketchy. Books thin out, spreads widen, and it might take longer to get your order filled. Moving early gives you better flexibility.
📊 Use limit orders
You can set limit orders to avoid slippage or bad fills, but thin markets might leave you hanging. If you’re trading higher tiers, watch for volume before locking in a price.
🚪 Know when to close early
You don’t have to hold on to the bitter end. If things are moving your way or turning against you, closing early can lock in a smaller win or prevent a total wipeout.
📰 Stay alert for breaking news
Player injuries or last-minute lineup changes can flip everything. If a star QB is suddenly out, contract prices will swing hard. If you’re quick, you can trade around that volatility.
You Won’t Find Traditional Sports Betting at Crypto.com
If you’re into sports and like the idea of managing risk with clear costs and outcomes, Crypto.com’s Sports Event Trading is a great pick. It’s not a sportsbook, it’s something entirely different. You get fixed payouts, real market movement, and the option to close out any time. And since it’s regulated by the CFTC, this is a legitimate and safe platform.
If you’re ready to try Sports Event Trading, sign up through one of the Crypto.com banners on this page and see it for yourself.
Crypto.com Sports Event Trading FAQ’s
It’s available across the United States, with no state-by-state restrictions. You just need to complete the CDNA onboarding process inside the app.
Payouts are made in USD, directly into your Crypto.com USD Cash Account. If your contract settles in the money, funds usually land the next business day.
Yes. You’re not locked in. Crypto.com lets you close open contracts before the event resolves if the market is still live.
The smallest tier is $1 per contract. You can hold up to 10,000 contracts at that level, though most casual users trade far fewer.
There are a few Crypto.com promos available. For example, you can get bonus funds if you get people to sign up using your
Crypto.com referral code. However, since the Sports Event Trading service is new, some promotions may not apply to the predictions markets.
This content is sponsored by Crypto.com: Securely Buy, Sell and Trade Bitcoin, Ethereum and 400+ Crypto and should not be considered as investment advice. Trading on prediction markets carries risks, including market volatility and the possibility of losing your stake. Before participating, carefully consider your risk tolerance and the potential outcomes. Foris DAX Inc. and Foris Inc. (d/b/a Crypto.com) offer connectivity to Crypto.com | Derivatives North America (CDNA), which is regulated by the Commodity Futures Trading Commission, for the purpose of trading derivatives on and subject to the rules of CDNA. Currently available for U.S. users only, who must first become a Member of CDNA prior to trading event contracts on CDNA. Trading on CDNA involves risk and may not be appropriate for all. Customers risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Past performance is not necessarily indicative of future results. None of the material on Crypto.com or CDNA is to be construed as a solicitation, recommendation or offer to buy or sell any financial instrument on CDNA or elsewhere. CDNA is subject to U.S. regulatory oversight by the CFTC.
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