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Crypto.com is quietly shrinking its sports prediction footprint in the United States. After months of state level pressure, the platform has removed sports event contracts from a growing list of jurisdictions where regulators question the legality of prediction markets tied to game outcomes.
Good to Know
Crypto.com has withdrawn sports event contracts from at least nine US states following enforcement actions, cease and desist notices, investigations, and court disputes. A company spokesperson confirmed that sports markets are no longer available in Arizona, Michigan, Maryland, Massachusetts, Illinois, New Jersey, Nevada, and Ohio. The platform also does not operate in New York in any capacity.
Arizona marked an early turning point. Crypto.com removed sports event contracts there on December 2 and shut down remaining prediction market offerings by December 12.
Across these jurisdictions, regulators raised similar concerns. Many state agencies argue that sports prediction contracts resemble sports betting products and therefore require a wagering license. Several states issued cease and desist notices, while others moved directly into litigation involving prediction market operators.
Nevada delivered one of the most visible setbacks. In October, a court denied Crypto.com a preliminary injunction against the Nevada Gaming Control Board. Soon after, the company confirmed it had stopped offering sports contracts in the state.
Arizona and Illinois issued cease and desist notices earlier in the year. Michigan took a different approach, warning licensed operators against participating in or supporting sports event contracts while launching an investigation in April.
Maryland, Massachusetts, New Jersey, New York, Nevada, and Ohio are all tied up in lawsuits connected to prediction market enforcement actions. Connecticut also issued cease and desist notices to Crypto.com, Robinhood, and Kalshi. Despite that step, Crypto.com continues to offer sports event contracts in Connecticut for now.
Some states stopped short of direct action but still signaled resistance. Arkansas attorney general issued a formal opinion in October stating that sports prediction markets require a wagering license. The Louisiana Gaming Control Board warned sportsbooks that involvement with sports event contracts could place existing licenses at risk.
Just a week ago, Crypto.com and Kalshi launched a Prediction Market Alliance in the U.S.
At least nine states no longer have access to those markets.
No. The company does not service New York in any way.
Many regulators view them as unlicensed sports betting products.
Yes. The platform continues to operate in some states despite warnings.
Yes. Multiple states remain involved in active legal disputes tied to prediction markets.