Welcome to the InGame Crypto.com Sports review page. Crypto.com started out as a site to buy and sell cryptocurrencies. Crypto remains its main focus, but the company has branched out into many different business lines, including event contracts. In this review, I will tell you about Crypto.com Sports, whether it is legal and legit, where Crypto.com Sports is available, what bonus offers are available, all the different banking options, which sports you can pick from, how to set up an account, and much more. Let’s get started.
What Is Crypto.com Sports?
Crypto.com Sports is part of the Predict section of Crypto.com. It is part of the Crypto.com platform. Crypto.com has a handful of offerings to choose from, including crypto, stocks, and prediction markets. The Predict section has a wide variety of topics you would expect from a prediction market operator, and the Sports section has a decent number of sporting events available.
I found Crypto.com Sports to have a more limited selection of prediction markets than other sites I have tested, including Kalshi. The variety of prediction types is limited, but does include Winner, Spread, and Totals, though not every event has all three options. Futures are also available, but overall, it seems that sports are not the main focus of Crypto.com.
What is the current Crypto.com Sports review bonus offer?
Crypto.com Sports does not currently have a bonus offer. There is no bonus bet credit awarded to new users and no money-back promotions for first contract purchases. Crypto.com Sports does things a little differently. Here’s how their new customer offer works.
Once you set up your account (more on that below), you will be assigned a “mission” to complete. Once you transact more than either $100 or $500, depending on where you live, you qualify for a new customer reward. Everyone receives a reward, but a lucky few will randomly receive the equivalent of up to 1 bitcoin. Talk about a generous promotion!
All rewards are distributed in the form of CRO, which is the Crypto.com native currency. CRO is used for paying Crypto.com transaction fees and other internal functions.
Crypto.com Sports does offer a few ongoing promotions related to sporting events like the UEFA Champions League and Power Slap. Check out the Events page for more ways to earn rewards from Crypto.com.
More on prediction markets
A prediction market is a platform where users can trade event contracts with each other. The platform operator, in this case Crypto.com, is the middleman that handles the execution of all event contracts and guarantees that both sides get paid.
An event contract is a contract related to a future event. You buy or sell a contract based on the likelihood of the outcome. For example, if you think the Detroit Lions will win the next Super Bowl, you can buy a contract that pays you a return if they end up winning it all. All event contracts on Crypto.com settle at $1, $10, or $100, depending on the contract.
In our example above, a Yes contract costs 13 cents based on a 13 percent probability that the Lions will win the big game. If the Lions win the Super Bowl, you would get $1 per contract. If they don’t win it all, your contract expires worthless. The price of the contract changes based on the marketplace. If more people want Lions Super Bowl contracts, the price will go up because users will want to be paid more to take the other side of the contract. If demand falls, the price will go down.
Event contracts have been around for decades, but have only recently become popular here in the USA. All prediction market operators, including Crypto.com, are federally regulated by the CFTC.
Prediction Markets vs. traditional sportsbooks
As mentioned, a prediction market is a platform where event contracts are traded between two users. A traditional sportsbook is the “house” and accepts wagers from customers. Sportsbooks offer a wide range of wagering options, including moneyline, point spread, futures, parlays, and many more. Prediction markets tend to just offer moneyline-type yes/no wagers on upcoming games, though they are slowly expanding into new offerings like parlays and point spread contracts.
Another big difference is the pricing. I was quite confused the first time I looked at the NBA markets available on Crypto.com Sports. Buy Orlando at 69% or Buy Philadelphia at 34%? Those numbers don’t even add up to 100%. And what am I buying? It definitely takes a while to get used to when coming from a sportsbook where the prices are in American odds like -110 or +150.
Using the above example, if Orlando has a 69% chance to win their upcoming NBA game, that is equivalent to -222 odds. After checking out the prices on Crypto.com Sports, you can then check any sportsbook for the current moneyline price to see if it is above or below the price listed on Crypto.com Sports.
As you can see in the screenshot above, the Magic were -235 on the moneyline at the same time they were priced at 69% on Crypto.com, which means that the price was better on Crypto.com Sports. This is a good example of the benefits of doing some research before making a play on Crypto.com Sports. If you see a number that is better than a sportsbook price, you know you’re getting a good deal.
Available sports on Crypto.com Sports
Here are all the available sports you can choose from on Crypto.com Sports. This section will be updated as new sports become available.
- NFL
- NCAAF
- MLB
- NHL
- EPL Soccer
- NBA
- NCAAB
- Motorsports
- MMA
- Boxing
- Golf
- Tennis
Is Crypto.com Sports legal, legit, and safe to use?
I was skeptical when I read their claim that Crypto.com Sports is legal and legit, even in states without legal sports betting. Sure enough, I soon learned that people in my state of Washington, which prohibits all forms of online sports betting, have been signing up for and using Crypto.com Sports without any problems. Crypto.com Sports is legal and legit.
Crypto.com Sports is federally regulated by the CFTC. It is not a traditional sportsbook because it offers event contracts, as discussed above. As such, Crypto.com Sports is not subject to state or tribal jurisdiction and can operate in all 50 states.
This is controversial and has been the subject of a handful of lawsuits brought by state Attorneys General and tribal leaders who do not want any unregulated operators in their state. As the legal process plays out, the legal status of Crypto.com might change in a handful of states, but for now, Crypto.com Sports is legal and available in every US state and territory.
All deposits on Crypto.com are kept safe and secure using industry-leading technology. Because of its cryptocurrency and stock operations, Crypto.com deals with more operational requirements than a traditional sportsbook, and they have to comply with CFTC federal security regulations, so I am personally not worried about my deposit being compromised or my event contracts being unfulfilled at Crypto.com.
Account setup and verification requirements
It only takes a few minutes to fulfill the account setup and verification requirements necessary to open a Crypto.com account. You can use your Apple or Google accounts to sign up through the Crypto.com app, or you can enter your email address and create a password. Whichever method you choose, you will have to fulfill the Know Your Customer (KYC) requirements. Here are the steps required to sign up for an account with Crypto.com.
- Click on the blue Sign Up button in the top right corner of the Crypto.com home page. If you’re on the app, the signup button(s) are right there as soon as you pull it up on your phone.
- After entering some personal information, you will finalize the first part of the signup process. This includes confirming your phone number, SSN, mailing address, and creating a password.
- The next step is verifying your identity. Crypto.com uses an outside vendor to verify your identity by scanning your driver’s license or passport and taking a selfie. Once the vendor has confirmed you are who you claim to be, you are redirected back to the Crypto.com app to finish the signup process. This may seem onerous, but it only takes a few minutes and ensures that you can quickly link your payment methods and trade on the platform.
- Once your account is set up, it’s time to fund it. Below are all the banking options available on Crypto.com.
Crypto.com Sports banking options
Crypto.com Sports has a handful of banking options. Since you can hold many different cryptocurrencies using your Crypto.com account, you need to have a USD account before you can trade event contracts on Crypto.com Sports. Luckily, this only takes a few minutes and is quite easy to do. Once your USD account is set up, you can make a deposit using Apple Pay, Google Pay, a debit card, wire transfer, or ACH direct deposit from a connected bank account.
Crypto.com does charge a 1.49% fee for making a deposit using certain payment methods, so be sure to check the Terms and Conditions before making a deposit. You can also convert any cryptocurrencies that you are holding in a Crypto.com account into a USD account without paying a fee and instantly use those funds to buy and sell event contracts.
Additional transaction fees for Crypto.com Sports contracts
During my research for this page, I was surprised to read some reviews mentioning the high transaction fees charged by Crypto.com Sports. Many reviews described a fee of $1.99 per contract, which seems unreasonable if you’re trading a $1 or $10 contract. Why would you pay more than the contract value in fees? No one would do that.
What the reviews don’t always say is that the $1.99 fee to both open and settle a position only applies to $100 contracts, which means the percentage fee is 3.98%. Not ideal, but not totally out of line. The fees for a $1 contract are only 2 cents (two percent), and a $10 contract has a total of 30 cents in fees (three percent) for a correct position that expires in the money. More details on the fees charged by Crypto.com can be found in the table below.
| Status | $1 Contract fees | $10 Contract fees | $100 Contract fees |
|---|---|---|---|
| Buy a Contract | 2 cents (exchange fee) | 20 cents (exchange fee + technology fee) | $1.99 (exchange fee + technology fee) |
| Sell a contract before the event finishes | 2 cents (exchange fee) | 20 cents (exchange fee + technology fee) | $1.99 (exchange fee + technology fee) |
| Contract settles in-the-money (you get paid) | N/A | 10 cents (exchange fee) | $1.99 (exchange fee + technology fee) |
| Contract settles out-of-the-money (you don't get paid) | N/A | N/A | N/A |
A better way to describe the fee structure would be to say that fees equal roughly 2 to 4 percent of the price of the contract. These fees are in place to support the platform provided by Crypto.com Sports and to facilitate the many transactions that flow through Crypto.com every day. While no one likes fees, a 2-4% charge to use Crypto.com Sports is not unreasonable.
Mobile app experience
Crypto.com Sports is available on the Crypto.com mobile app, which is a great option for those who prefer to do their trading while away from their desk. The app has all the features and options available on the website, including all the same sports event contract options, in an easy-to-use format.
Users agree that the Crypto.com app is worth downloading for those on the go. Apple users have given it a 4.7/5.0 rating on the Apple App Store, with over 322,000 reviews. Android fans are also fans of the app, with over 668,000 users giving it an average rating of 4.5/5.0.
Customer support
Crypto.com Sports has several different customer support options, including a FAQ and help section, filled with detailed articles covering just about every aspect of the platform. I found the Sports Event Trading page to be comprehensive and very useful. Combine that page with additional information related to setting up an account on Crypto.com, and just about everything you need to know about trading event contracts on Crypto.com is covered.
In case you do need some help with your account or have any questions that aren’t covered in the help section, there is a live chat option available. The agents are knowledgeable and helpful and can resolve any issues you may have.
Pros and Cons of Crypto.com Sports
The section below covers all the pluses and minuses of Crypto.com Sports. Crypto.com Sports is a solid option that has some advantages over other prediction market operators. However, it is not without its drawbacks.
Pros
- Instant conversion from crypto to USD for those with an existing Crypto.com account
- Additional services available, including crypto and stock trading
- A number of available sports to choose from
- High position limits for big traders
- Can sell your position before the event starts or during the event to lock in profits
- Super fast transaction processing ensure you get the best possible price
- Extensive FAQ section and live chat option solves just about any account issues
- Prices are often better than traditional sportsbooks
- New customer offer gives users the chance to win big
- Available in all 50 states
Cons
- Variety of sports and contract options is nowhere near as robust as other sites like Kalshi
- Platform fees are higher than the competition
- Focus is on crypto, not event contracts. Sports markets feel like an afterthought.
- Limited number of deposit options for those who don’t want to buy crypto
Final verdict on Crypto.com Sports
If you’re into cryptocurrencies, you’ve heard of Crypto.com and might even already have an account. Crypto.com is one of the biggest crypto exchanges in the world and is expanding into new lines of business, including stock trading and prediction markets. This is a good thing, but there are clear signs that prediction markets are not the main source of focus for the platform.
If you’re looking for a wide variety of prediction markets to choose from, you won’t find it here. However, you will find markets on the biggest sporting leagues and events, along with a few major political and economic events.
Crypto.com Sports is a good option for those who want multiple accounts to find the best possible prices and diversify their prediction market activity. However, it is not the best option for those new to prediction markets and those not interested in cryptocurrency. Because its only focus is on prediction markets, we recommend Kalshi over Crypto.com Sports, but both are good options and right now are the only two sports-related prediction market platforms available in the US.
Crypto.com Sports Frequently Asked Questions
What is Crypto.com Sports?
Crypto.com Sports is a prediction market platform operated by Crypto.com. Users can buy and sell prediction contracts related to sporting events. Prediction markets are federally regulated and operate differently than a traditional sportsbook. For more on prediction markets and sports event contracts, check out our InGame sporting event contracts information page.
Is Crypto.com Sports legit?
Yes, Crypto.com Sports is legit. Crypto.com is fully legal and regulated federally by the CFTC. It offers event contracts related to sporting events and has been found to be fully compliant with all federal laws. It is a legit company that provides a platform for users to trade event contracts. Your deposits and personal information are safe at Crypto.com Sports.
Can I bet on sports at Crypto.com?
Technically, no. Users do not place wagers against the house on Crypto.com like they would at a traditional sportsbook. Instead, customers buy and sell event contracts related to the outcome of sporting events taking place in the future. It sounds complicated but it’s fairly straightforward.
You can buy a moneyline-like contract at a fixed price that pays out if the team or individual you backed ends up winning the game or match. The difference is that the other side of the contract is someone that is taking the opposite position rather than a sportsbook that accepts the wager.
Why does Crypto.com Sports charge an exchange fee and technology fee?
Traditional sportsbooks don’t advertise an additional fee for the service they provide because the fees are baked into the prices they offer. A -110 line on a game is standard, which means the sportsbook pockets 10% compared to an even money +100 wager. They don’t need to charge additional fees.
Prediction markets, on the other hand, charge their vig more directly. The fees charged by Crypto.com Sports, which are generally between 2 and 4 percent, help pay for the platform and the many expenses incurred by the company. It’s not cheap to maintain a huge cryptocurrency and prediction market trading platform.
Does Crypto.com Sports have a new customer offer and promo code?
Crypto.com has a new customer promotion, but it is not specifically tied to the Sports prediction markets. Users who sign up for an account can earn a reward after trading a certain amount on the site. No promo code is required to sign up for the Crypto.com new customer offer.
Is Crypto.com Sports legal in my state?
Yes, Crypto.com Sports is legal in your state. Because Crypto.com is federally regulated by the CFTC, it is not currently subject to state jurisdiction, which means it can legally operate in every US state and territory. This may change in the future as the legal process plays out, but for now you can place event contracts on sporting events in any state in the country.