Hollywood.com Enters Buzzing Prediction Market Arena With Crypto.com Partnership

Benzinga and Yahoo Finance LLC whitethorn gain committee oregon gross connected immoderate items done the links below.

Entertainment website Hollywood.com has said it is partnering with cryptocurrency speech Crypto.com to motorboat a prediction marketplace feature.

“Partnering with Crypto.com, we’re launching the archetypal prediction level dedicated wholly to movies, TV, video gaming, Broadway, popular culture, and celebrities,” Hollywood.com Co-CEO Mitchell Rubenstein said connected Monday. “Imagine predicting world amusement and grant amusement winners, oregon whether a philharmonic creator volition scope #1 connected the charts—we’re giving fans a dependable successful predicting the moments that specify entertainment.”

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The Hollywood.com prediction marketplace lawsuit contracts would beryllium provided by Crypto.com Derivatives North America, a Commodity Futures Trading Commission-registered subsidiary of the exchange, Hollywood.com said.

Rubenstein told Benzinga that Hollywood.com and Crypto.com are moving connected the method integration of the feature, adding that the merchandise should motorboat successful astir 2 months. He besides said that Hollywood.com users would not request to usage Crypto.com’s autochthonal token CRO to interact with the prediction market.

Hollywood.com’s prediction markets would differentiate itself from amusement markets connected fashionable platforms similar Polymarket by having a “broader scope of questions” and “deep investigation and insights,” Rubenstein told Benzinga.

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“Run by entrepreneurs with a heavy acquisition successful the amusement space, and we volition bring successful experts successful the categories of the questions,” helium said. “Users volition acquisition a blend of a utilitarian predictive trading level and an amusement tract – fundamentally a ‘level up’ from the acquisition connected Kalshi and Polymarket. And we volition not person sports, authorities and economics, truthful arsenic to beryllium focused.”

Hollywood.com’s announcement follows Crypto.com’s concern with Trump Media Technology Group (NASDAQ:DJT) to motorboat a prediction marketplace diagnostic for Truth Social.

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Sports betting platforms DraftKings (NASDAQ:DKNG) and FanDuel person besides precocious announced plans to motorboat their ain prediction markets.

The prediction marketplace unreserved comes arsenic marketplace leaders Polymarket and Kalshi person smashed caller records successful enactment and measurement successful caller months.