Crypto.com, the cryptocurrency exchange whose name bedecks the Lakers arena and Formula 1 events, has unveiled a sports section of its app and website. It joins blockchain-based prediction site Polymarket in adding sports event “contracts” that users can buy with crypto.
The site’s offerings are currently limited to one market: Super Bowl predictions. The site is also not offering traditional spreads or money lines, but prediction markets. For example, the company’s Super Bowl market currently has the Chiefs with the best odds at 23%, meaning putting $23 on the Chiefs would result in a $100 payday if the team wins. Bettors can exit their prediction at any point before the actual event.
