Crypto.com Sports and Events

A regulated US venue for sports event contracts, inside an app you may already hold.

Crypto.com Sports and Events is a sports forward set of event contracts offered through CDNA, a US exchange and clearinghouse registered with the CFTC, available to verified US users where state rules permit, as of June 2026. You trade fixed payout Yes or No contracts that resolve to US$1 or US$0, funded from a fully collateralised USD account, with no money owed beyond what you paid for a position. It is not a sportsbook and it has no house; the price is a probability set by other traders, and per contract fees are published in the CDNA contract specifications rather than as one headline rate.

What this product actually is, stated plainly.

Sports event trading on Crypto.com is a set of event contracts, not a sportsbook bet. You are presented with a yes or no question about a sporting outcome, for example whether a named team will win a given match. If you think the answer is yes, you can buy Yes contracts; if you think it is no, you can buy No contracts. Each contract is a claim that settles for a fixed amount once the event resolves. Per the CDNA help documentation as of June 2026, a correct contract pays US$1 and an incorrect one pays nothing, and your loss is capped at the amount you paid to open the position.

That structure is the whole point, and it is worth slowing down on. In a sportsbook, the operator sets the odds, takes the other side of your wager, and profits from the margin built into those odds. On an exchange, there is no house. The price of a contract is set by what other traders are willing to pay, and the venue earns a transparent fee rather than a spread it controls. The number you see, somewhere between 1 cent and 99 cents, is best read as the market implied probability of that outcome. A contract trading at 60 cents is the crowd saying, in effect, that it views the outcome as roughly 60 percent likely. Whether the crowd is right is a separate question, and no price is a promise.

The menu is sports forward. CDNA help materials describe contracts on major leagues including the NFL, the NBA, and Premier League football, covering outcomes such as match winners, point spreads, and player performance, as of June 2026. The Crypto.com app also lists a wider and growing set of event contracts beyond sport, which is why the brand is presented as Sports and Events rather than sport alone. We do not build pages for individual live markets here, because each one expires; what is durable is how the product works, who stands behind it, and where you can use it.

Who runs it, and why that lineage matters, the part that earns trust.

The contracts are offered by Crypto.com | Derivatives North America, written CDNA, which the help documentation confirms is subject to US oversight by the Commodity Futures Trading Commission as of June 2026. This is not a new shell created for the occasion. CDNA is the rebranded North American Derivatives Exchange, long known as Nadex, which Crypto.com agreed to acquire from IG Group in 2021 for a reported 216 million dollars alongside a minority stake in the Small Exchange (per Crypto.com company news and contemporaneous reporting, 2021). Nadex itself traces back to HedgeStreet, one of the first electronic venues to win CFTC designation, in 2004.

For a reader trying to gauge safety, that history is the single most useful fact on this page. It means the entity clearing your trades is a designated contract market and a derivatives clearing organisation that has operated under federal oversight for two decades, rather than an offshore book of uncertain standing. During 2025 Crypto.com folded the old Nadex platform into its own app. Deposits on the legacy Nadex site were suspended on 6 December 2025 and trading there was disabled on 20 December 2025 (per FinanceFeeds reporting, 2025), with access moving to the Crypto.com app and web powered by CDNA. In September 2025 CDNA also announced a partnership to make its sports event contracts available through the Underdog app (per Business Wire, 2 September 2025), a sign the exchange is being distributed beyond Crypto.com itself.

A note on a separate licence. In late 2025 Crypto.com also reported obtaining a fuller set of CFTC derivatives licences covering margined derivatives in the US (per reporting dated 30 September 2025). That is a different product line from the fully collateralised event contracts described here. We flag it only so the two are not confused.

A contract priced as a probability, read it once and it sticks.

The strip below shows how a single price does three jobs at once. It is the cost to enter, the implied probability of the outcome, and the mirror image of what the opposite side costs. Yes and No always sum to roughly one dollar before fees, which is the arithmetic that keeps an exchange honest.

Funding, fees, and the mechanics that govern your money, the costs, dated.

Sports event trading on CDNA is a fully collateralised product. In plain terms, you can only trade with cleared cash sitting in a USD Cash Account, and there is no borrowing or leverage attached to a position, per the CDNA help documentation as of June 2026. You fund that account by ACH bank transfer, by wire for larger amounts, or by an instant deposit feature, and you can also convert supported crypto holdings to USD inside the Crypto.com app to trade. Because the product is collateralised, the most you can lose on any contract is the price you paid for it, which is the cleanest risk feature of the fixed payout design.

On fees we want to be exact rather than impressive. CDNA publishes its per contract trading fees inside a contract specifications document for each event, and its general help text quotes returns as being before fees, as of June 2026. We did not find a single headline trading fee rate stated in the general help pages, so we will not quote one. The honest instruction is to open the current contract specifications for the event you care about and read the fee there before you trade, because the schedule can change and differs by contract. Funding rails such as ACH and wire are generally free at the platform level, though your own bank may charge for a wire, and any crypto conversion carries its own spread.

Two further mechanics are worth knowing. Order types are limited to market orders, executed with price protection on an immediate or cancel basis, and limit orders, per the CDNA help documentation as of June 2026. And there is a position limit: a one dollar value contract carries an event level limit of 2,500,000, meaning that is the largest aggregate exposure you can hold across all contracts within a single event at once. Scheduled maintenance runs from 4:00 to 5:00 AM Eastern every Saturday, during which sports contracts cannot be traded although open positions remain open.

Table 1. Compiled by Prediction Market Index from the CDNA help documentation, as of June 2026. Per contract fees are intentionally not given a single figure because the published source states them per event. Verify the current contract specifications before trading.

The lifecycle of one contract, from listing to payout.

It helps to see the whole path a single contract travels. CDNA lists a contract when the event is scheduled, you trade in and out while the market is open, the event resolves on its date, and the exchange settles every position to one dollar or zero. You do not have to hold to the end; you can close early and bank the difference between your entry and exit price, before fees.

What moves a price, and why you can leave early, the bit traders care about.

Once a contract is listed, its price is not fixed by the exchange; it moves with supply and demand. As new information arrives, an injury, a lineup change, a first quarter scoreline, traders buy and sell, and the price drifts toward the crowd's revised view of the probability. This is why an event contract behaves more like a share than a bet slip. You are not locked in until resolution. If the price has moved your way, you can sell your contracts before the event ends and take the difference between your entry and exit price, before fees. If it has moved against you, you can cut the position rather than wait for a zero.

That flexibility cuts both ways. Closing early protects you from a total loss when your view changes, but it also means a position you are sure about can be shaken out by short term price swings before the event proves you right. The discipline that helps is to decide, before you enter, both the price at which you would add and the price at which you would walk away, and to treat the live number as the market's opinion rather than the truth. Market orders execute with price protection on an immediate or cancel basis, which guards against filling far from the displayed price, while limit orders let you name the price you are willing to accept and wait for the market to come to you.

None of this changes the core safety feature. Whether you hold to settlement or close early, you can never lose more than the cash you committed, because the product is fully collateralised and carries no leverage, per the CDNA help documentation as of June 2026. The cap on your downside is the price of the contract, and that is true on the worst day as much as the best.

Where you can use it, and where that is genuinely contested, the state question.

Because CDNA is a US exchange regulated by the CFTC, sports event trading is built for verified users inside the United States, subject to age and identity checks and to state rules, as of June 2026. Availability outside the US is limited, and a reader abroad should confirm the local position before assuming access. Use the availability selector higher on this page as a starting point, then verify directly.

The honest complication is at the state level, and we will not smooth it over. Sports event contracts sit at a live fault line between federal commodities law and state gambling law. During 2025 and into 2026, several state regulators challenged the offering of sports event contracts by CFTC registered venues, issuing cease and desist letters and opening disputes, while the operators and the CFTC have maintained that these are federally regulated derivatives rather than bets under state law. This is a contested area, the legal position varies by state, and it is moving. A wrong availability claim is worse than a missing one, so where our state pages cannot state a settled position they say so. Treat any single source, including this one, as a prompt to verify rather than a final ruling.

For the current US picture across venues and states, our US legality hub tracks the position state by state, and the cross platform fees and terms we maintain on the platforms comparison put Crypto.com next to its peers. To understand the pricing mechanics in depth, see our guide to reading prices as probabilities.

What we did to check this, in our own words.

In preparing this review we read the CDNA sports event trading help documentation, the public reporting on the Nadex acquisition and the 2025 platform transition, and the September 2025 partnership announcement, on 28 June 2026. We confirmed the contract structure, the funding methods, the order types, the position limit, and the maintenance window from those sources, and we deliberately did not state a single trading fee figure because the published source gives fees per event rather than as one rate. We have not independently opened and funded a CDNA account for this page, so we do not claim a measured deposit or withdrawal time; where we describe funding rails we describe what the platform documents, not a personal clearing time. When we complete a first hand account walkthrough we will add an original, dated screenshot below and note what we observed.

Strengths and limits, weighed honestly, an even read.

The clearest strength is the regulatory base. You are trading on an exchange and clearinghouse that has held CFTC designation through its Nadex lineage for two decades, which puts custody and settlement on a different footing from an offshore book. The fixed payout design is easy to reason about: your downside on any contract is the price you paid, stated up front, with nothing owed beyond it. For someone who already holds a Crypto.com account, the convenience of funding from an existing balance and converting crypto to USD inside one app is real, and the distribution deal with Underdog signals the product is being taken beyond a single wallet.

The limits are just as real and we will not paper over them. The biggest is the unsettled state picture: a federally regulated venue does not guarantee that a sports event contract is welcome where you live, and that question was being actively litigated and challenged through 2025 and into 2026. Liquidity is a second consideration; an exchange is only as good as the depth on the other side of your order, and depth varies by event, which is why the price you can actually fill at can differ from the price you see. The fee picture is less transparent than we would like, because the published source states fees per event in the contract specifications rather than as one rate a reader can memorise. And the menu, while broadening, is still weighted toward sport rather than the wide political and economic catalogue some rival venues carry.

Who does it suit. On the information here, Crypto.com Sports and Events fits a US based reader who values a regulated wrapper, wants fixed payout contracts they can understand at a glance, and either already uses the Crypto.com app or is comfortable inside it. It suits that reader less well if they want a deep non sport catalogue, if they need a single published fee figure before committing, or if they live in a state where the position on sports event contracts is unresolved. None of this is a recommendation to trade. It is the information a careful person would want before deciding, and the decision, along with the work of verifying the current rules, remains theirs.

A last word on mindset, because the regulated label can mislead. A clear regulator makes the venue more trustworthy; it does nothing to change the odds inside a single contract. The market can be wrong, your read can be wrong, and a string of correct calls can still end in a loss. Treat each contract as a probability you are paying for, size positions you can afford to lose entirely, and never trade to recover a previous loss. That discipline matters more than any platform choice.