Crypto.com Sports, launched in December 2024, is making headlines as the first-ever sports event trading product. This new feature, available through the Crypto.com app to users in all 50 U.S. states, is a game-changer for anyone interested in combining sports betting and financial trading in a whole new way.
But with something so innovative, it’s only natural to ask: is it legit? Can you trade—essentially bet—real money on sporting events safely and without running into any legal issues? Well, let’s find out.
In this comprehensive Crypto.com Sports review, I’ll break down everything you need to know, from how it works and its legal standing to what it’s actually like using the platform. By the end, you’ll have a clear picture of what to expect if you decide to give it a try. Let’s dive right in!
Crypto.com Sports Review: My Honest Experience & Feedback
“After spending some time thoroughly testing out Crypto.com Sports and getting a feel for the platform, I have to say, there’s a lot to like here.
For one, it’s legal in all 50 U.S. states, which is a big advantage for anyone looking for a regulated way to predict outcomes on sporting events and potentially earn real money.
Plus, the convenience of being able to trade not only sports event contracts but also stocks and crypto, all within the same app, is pretty nice.
That said, there are a few things to keep in mind.
The platform charges a $1.99 fee on all trades, which can add up if you’re an active trader. Also, the prediction markets and trading options are a bit more limited compared to some other platforms.
And for those who are new to trading or sports event contracts, there’s a bit of a learning curve to get comfortable with it.
But overall, after using the platform, I think Crypto.com Sports offers a solid experience, and I’m looking forward to seeing how it grows over time.”
– Peyton Powell (iGaming Writer & Editor)
 Fact Checked By: Mike McDermott |
Pros & Cons
Pros
- Can Win Real Money Predicting NFL, CFB, & More!
- Available in All 50 U.S. States
- Can Also Trade Stocks & Crypto
- No Fees on Withdrawals (Typically)
Cons
- $1.99 Fee on Every Contract You Trade
- Limited Sports Trading Markets
- No Markets for Elections, Pop Culture, etc.
- Learning Curve for New Users
Key Takeaways
- Financial Trading, Not Gambling: Crypto.com offers financial trading on sports through “event contracts.” Unlike traditional sports betting, these contracts allow you to predict the outcome of an event and trade positions based on market conditions, with the goal of profiting from changes in the market.
- How It Works: With Crypto.com Sports, you buy “Yes” or “No” contracts for specific event outcomes. The price of these contracts reflects the likelihood of the event happening. You can adjust your position before the event ends by buying or selling contracts, or hold onto them until the event comes to an end. If your prediction is correct, you’ll win $100 per contract; if it’s wrong, you’ll lose the amount you paid for the contract.
- Legal & Regulated Under CFTC Oversight: Crypto.com operates under the supervision of the Commodity Futures Trading Commission (CFTC), with its sports event trading markets classified as derivatives. This means the platform is regulated under the Commodity Exchange Act and is legally available for use in all 50 U.S. states.
- Trading Fees: Every contract you trade (buy or sell) on Crypto.com Sports is subject to a $1.00 Exchange Fee and a $0.99 Technology Fee, regardless of your investment amount or whether you make a profit.
What Is Crypto.com Sports Event Trading?
Crypto.com Sports introduces a new way to engage with sports by offering a regulated product that lets you predict the outcomes of events—though it’s more like financial trading than traditional sports betting.
Unlike traditional betting, which involves placing wagers on specific outcomes, Crypto.com Sports operates as a derivatives trading platform, where users can buy and sell “event contracts” based on how they expect games to unfold.
Have you ever heard of prediction market websites like Kalshi and PredictIt? These platforms let users trade on U.S. elections, political events, and other real-world outcomes. Crypto.com Sports works in a similar way, but with sports.
How Does Crypto.com Sports Work? A Guide to Trading Event Contracts
Crypto.com Sports lets you trade on the outcomes of sporting events using “event contracts.”
When you view a market, you’re given a Yes/No decision on whether you think a certain event will happen. If you think it will, you buy the “Yes” contract; if not, you buy the “No” contract.
For example, you might see a contract for the “CFP National Championship 2025” outcome. You can buy a “Yes” contract for Ohio State at $79.50 or a “No” contract for $25.00.
The prices reflect the likelihood of each outcome, and you’ll notice the totals often add up to more than $100 because of the market spread—the difference between buyers’ willingness to pay and sellers’ asking prices.
You can then adjust your position before the event starts by buying or selling contracts. Or if you hold onto the contract until the event ends, you’ll either win or lose based on the outcome.
If your prediction is correct, you’ll receive $100 per contract. If you’re wrong, you get nothing, but your loss is capped at the amount you paid to open the position.
Crypto.com Sports Promo Code & Sign Up Bonus
Unfortunately, Crypto.com Sports doesn’t currently offer a flashy sign-up bonus like you might see at some traditional sportsbooks.
It’s a bit of a letdown, I know, but honestly, it’s not all that surprising. Prediction markets and financial trading platforms like Crypto.com Sports don’t usually hand out the kind of welcome offers you’d find at standard sports betting sites.
| Crypto.com Sports | Bonus & Information |
|---|---|
| 🎁 Welcome Offer: | None |
| 🎀 Promo Code: | N/A |
| 🌎 Available States: | All 50 U.S. States |
| ✅ Last Verified: | February 22, 2025 |
But before you get too disappointed, here’s something worth mentioning: Crypto.com (the main platform) does have a solid referral program that lets you earn up to $50 in CRO (Cronos), which is Crypto.com’s native cryptocurrency.
Of course, you’ll need to meet a few requirements, like making a deposit or trading a certain amount of crypto, but it’s still a nice little bonus to start things off.
And once you’re in, you can share your own referral link with others and earn the same rewards as they complete those steps. So, while Crypto.com Sports doesn’t have a typical sign-up bonus, the referral program is still a decent way to kick things off.
Banking Options: Understanding Fees, Pricing, and Commissions
When you trade on Crypto.com Sports, there are a couple of fees you should know about. Every time you make a trade, whether you’re buying or selling event contracts, you’ll be charged the following:
- $1.00 Exchange Fee
- $0.99 Technology Fee
That comes to a total of $1.99 for each trade, regardless of how much you’ve invested or whether you make a profit. It’s not a huge amount, but it’s something to keep in mind.
For comparison, Kalshi (another prediction market platform) charges between $0.07 and $1.75 per $100 in contracts; this amount is based on your expected earnings. On the other hand, PredictIt charges a 10% commission—but only on winning trades, so you’re not paying a fee if you lose.
As for deposits and withdrawals, Crypto.com Sports works through the main Crypto.com platform. That means you’ve got a range of options for putting money in or taking it out, though there may be limits and fees depending on the method you choose. Here’s a quick breakdown of what to expect:
Deposits
| Payment Method | Min. Deposit | Max. Deposit | Deposit Fees | Processing Time |
|---|---|---|---|---|
| ACH Bank Transfer | $20 | $1 Million | None | 3-5 Business Days |
| Wire Bank Transfer | $1,000 | $1 Million | None | 1-2 Business Days |
| Debit Card | $10 | $1,000 | 1.49% | Instant |
| Crypto Wallet | N/A | N/A | None | ~20 Minutes |
Withdrawals
| Withdrawal Method | Min. Withdrawal | Max. Withdrawal | Withdrawal Fees |
|---|---|---|---|
| ACH Bank Transfer | $100 | $100,000 (Daily) $500,000 (Monthly) | None |
| Crypto (External Wallet) | Varies* | Varies* | Varies* |
Crypto.com Sports Betting Markets & Event Trading Options
Right now, the selection of markets on Crypto.com Sports is pretty limited. You can trade contracts on outcomes in just two leagues: the NFL and college football.
Think along the lines of, “Who will win the Super Bowl in 2025?” or “Who will win the CFP National Championship in 2025?” If you’re a football fan, this might be enough to pique your interest, but beyond that, there’s not much else.
To be honest, I found the selection a bit underwhelming, especially compared to other prediction market websites.
For example, Polymarket (which sadly isn’t available in the U.S.) offers trading on a wide variety of sports and leagues, including the NBA, NHL, UFC, F1, and even esports. Plus, platforms like Kalshi go a step further, letting you trade on non-sports-related events like politics, entertainment, and even the weather.
That said, it’s worth noting that Crypto.com Sports is a very new platform, so there’s a good chance they’ll expand their market options over time. They’re likely starting small to ensure they comply with all the legal and regulatory requirements for trading on event contracts.
That’s totally understandable, and I’ll be patient before rushing to judgment.
Is Crypto.com Sports Legal? Safety & Legitimacy Explained
Crypto.com Sports is fully legal in the United States and operates under the strict oversight of the Commodity Futures Trading Commission (CFTC).
Unlike traditional sports betting, its sports event trading markets are classified as derivatives and regulated under the Commodity Exchange Act, which means they’re available nationwide.
Ongoing Regulatory Review
In January 2025, the CFTC raised concerns that some contracts might violate regulations around prohibited commodities like gaming, prompting a formal review. Despite this, Crypto.com has continued to offer its services in all 50 states while collaborating with regulators.
As the first licensed exchange to introduce derivatives based on sports outcomes, Crypto.com is navigating uncharted territory but remains committed to compliance and transparency.
While there’s some uncertainty due to the ongoing review, Crypto.com’s legal standing is strong. It’s a legitimate platform that adheres to regulations and works hard to protect users.
If you’re interested in event trading, Crypto.com Sports offers a safe and regulated way to get involved, though you may want to keep an eye on future updates as the situation develops.
Mobile App Experience & User Feedback
The Crypto.com Sports Event Trading product is available both on the Crypto.com website and within the mobile app, so you can access it in whichever way is more convenient for you.
Whether you’re on the website or using the app, the experience is pretty much the same—simply head to the “Sports” section, and you’re all set to start trading.
I tried out the app on my iPhone, and I have to say, I was really impressed with how smooth everything was. Navigating the sports event trading section was a breeze—just scroll through the “Headlines,” find an event that catches your eye, select the number of contracts you want to buy, and you’re good to go.
The app was quick to load, I didn’t experience any crashes, and I had no issues making my first deposit. Plus, when I had a couple of questions, reaching out to customer support was a fast and easy process.
Overall, Crypto.com’s mobile app made for a smooth, hassle-free experience, and I really like how you can make sports predictions and trade stocks and crypto all in one place. It’s convenient, streamlined, and definitely made the whole process more enjoyable.
Crypto.com Sports App Ratings for iPhone & Android
| Store | Rating Information | Download |
|---|---|---|
| 📱 Google Play Store | 4.5/5.0 Stars (621K+ Reviews) | Click Here |
| 🍎 App Store | 4.6/5.0 Stars (273K+ Ratings) | Click Here |
How Do I Contact Crypto.com Sports Customer Support?
If you ever need help, getting in touch with Crypto.com Sports customer service is super easy. The live chat feature on both the website and the mobile app is your quickest option.
I tested it out during my review and was chatting with a support agent within just a few minutes. The response time was fast, and the agent was helpful in answering my questions.
If you’re looking for answers on your own, Crypto.com Sports also has a detailed FAQ page.
It covers everything from trading hours (which are 24/7, except for some scheduled maintenance every Friday from 16:15 to 23:00 EST) to how to open and close positions, register your account, and even which states the platform is legal in (hint: it’s all of them!).
So, if you’re looking for a quick answer, the FAQ page is a great place to start.
Final Thoughts: Is Crypto.com Sports Event Trading Worth a Try?
After spending a good amount of time testing out Crypto.com’s Sports Event Trading product, I can confidently say that I’m a big fan of what they’ve put together.
The platform offers an exciting new way to engage with all your favorite sports and teams, and it’s legal in all 50 U.S. states. Plus, the fact that you can trade stocks, crypto, and sports event contracts all within the same app makes it incredibly convenient.
That said, there are a couple of things to keep in mind before getting started. Each contract comes with a $1.99 trading fee, which can really add up over time. The sports prediction markets are also a bit limited right now, though I’d expect more options to be added as the platform grows.
Finally, if you’re new to event contracts or sports event trading, there can be a learning curve. It’s not exactly like traditional sports betting, so it might take a bit of time to get comfortable with how everything works.
All in all, if you’re looking to try something new and get involved in sports event trading in a legal and regulated way, Crypto.com Sports is definitely worth checking out.
Frequently Asked Questions (FAQ)
Crypto.com Sports is a platform within the Crypto.com app that allows users to predict outcomes of sporting events and trade contracts based on those predictions. It offers a unique way to engage with sports and win real money through event trading, combining aspects of sports betting with financial trading.
Crypto.com Sports charges a $1.99 trading fee for each contract bought or sold. This fee applies to every trade you make, so it’s important to factor this into your betting—I mean trading—strategy.
Yes, you can participate in “Sports Event Trading” through both the Crypto.com mobile app and website. The app is user-friendly and allows you to browse events, place trades, and manage your account seamlessly on the go.
