Crypto.com Sports Review

In today’s article, we’ll get into the nitty-gritty of Crypto.com’s latest venture in the sports event trading market. We'll cover everything you need to know, including how it works, which sports are available for trading, banking options, payment methods accepted, responsible gambling, customer support, and more.

By the end of this piece, you’ll have a clear understanding of what to expect when diving into Crypto.com, a platform designed to blend the excitement of sports with cryptocurrency. But before we get into that, let's see how it actually came to be the first regulated platform in the arena of cryptocurrency and sports.

Crypto.com screenshot "the big game"
Crypto.com Launches Sports Betting

Crypto.com Launches Sports Betting

On December 23, 2024, the sports betting industry changed forever as Crypto.com launched its sports event trading product exclusively to US users through its app. Exchange betting was and still is a fundamentally new concept, and Crypto.com was the first to introduce it to a regulated platform.

With exchange trading, participants trade prediction on the outcome of sporting events, similar to how a sportsbook operates. The main difference here is the trade contracts, which require another user to accept the other side of the trade contract. So, unlike traditional sportsbooks where bets are placed against the "house", Crypto.com’s exchange model asks users to trade event contracts with one another. This approach lets participants “buy” and “sell” predictions on sporting events, combining financial trading with the world of sports.

By doing this, Crypto.com's sports event trading platform welcomes a fresh take on betting, building an entirely new platform with a unique financial product.

How Sports Event Trading Works on Crypto.com

Now, sports event trading isn’t an entirely new concept, as exchange trading has been around for years, albeit on less regulated platforms. But for those new to the concept, here’s how sports event trading works on the Crypto.com app:

  1. Login to the Crypto.com App: If you don’t already have a Crypto.com account, sign up via its app or website. Existing app users can log in directly.
  2. Choose a Sporting Event: Once you’re inside your account, users choose a sporting event that is available on the Crypto.com app, such as the Super Bowl or other high-profile games.
  3. Place a Bet/Buy a Contract(s): Instead of placing traditional bets, you will be buying event contracts based on whether you believe a specific outcome will happen before the event begins- these are offered on a Yes/No basis. For example, choosing “Yes” on the Pittsburgh Steelers defeating the Ravens will purchase a contract reflecting that outcome at the current market odds (price). Keep in mind that contracts can be bought and sold up until the event begins.
  4. Pay Fees: Each transaction includes a $1 exchange fee and a $0.99 technology fee, totaling $1.99 per contract.
  5. Use Your Cryptocurrency: Wagers (trade contracts) are placed using cryptocurrency directly from your Crypto.com app wallet.
  6. Payout: If your own prediction on the outcome is correct, payouts are made in cryptocurrency, which you can withdraw or reinvest.

Users can also convert multiple cryptocurrencies into fiat currencies or other digital assets to trade sports events, which shows the platform's friendliness and flexibility.

Crypto.com screenshot step-by-step to enter its app.

How to Use Crypto.com

For new users, using the app is very easy if you just follow these steps:

  1. Register: Register for an account on the Crypto.com website or app by clicking the “Sign Up” button in the upper right.
  2. Verify Identity: Because it is a federally regulated platform, you’ll have to complete KYC (Know Your Customer) steps, including submitting an ID picture and a video selfie showing both sides of your face.
  3. Deposit Funds: You'll need to add cryptocurrency to your Crypto.com wallet to engage in exchange trading. This can be done by transferring funds from a different wallet or purchasing crypto directly through the platform.
  4. Navigate to the Sports Event Trading Product: At the top of the main menu, click on “Sports” to be directed to the sports event trading page.
  5. Place Your Wager: Purchase event contracts (or wagers) by choosing “Yes” or “No” for your desired outcomes.

Keep in mind users can access their Crypto.com account once and only once it's registered and verified.

Is there a Crypto.com sports betting promo?

Given that this is an entirely new platform, there are currently no promotional offers or Crypto.com sports promo codes available for the platform.

However, as the product gains traction and users engage nationwide, a Crypto.com promo code may be added. Stay tuned for updates as they become available!

Do I pay taxes on crypto.com sports bets?

Yes, winnings from sports bets, including those on Crypto.com, are subject to taxation. As the first federally regulated platform to offer sporting events for exchange betting, Crypto.com takes taxes seriously, emphasizing tax compliance.

We recommend you consult with a tax professional to understand your specific obligations around sports betting and crypto-based betting.

What sporting events can I bet on at Crypto.com?

Currently, you can only wager on the 2025 Super Bowl winner. Remember, Crypto.com is an entirely new platform and a fundamentally new concept!

So, as the platform expands its offerings, more sports and events will be added to engage nationwide users and push adoption. Plus, some sportsbook operators have already publicly expressed interest in accepting wagers in cryptocurrency.

Crypto.com Super Bowl LIX Bets

Like we saw above, the 2025 Super Bowl winner is the only sporting event currently offered at Crypto.com. And as of January 9th, the Detroit Lions are the favorite, with a 28% chance of winning the 2025 Super Bowl, at a price per contract of $27.50 for "Yes" bettors.

In other words, purchasing a $27.50 “Yes” contract on the Detroit Lions would yield a $100 payout if they win. Below is a breakout of the rest of the options:

TeamPercentage Likely to WinPrice Per "Yes" Contract
Detroit Lions28%$27.50
Kansas City Chiefs24%$24.50
Buffalo Bills15%$15.00
Baltimore Ravens14%$14.25
Philadelphia Eagles13%$13.25
Minnesota Vikings5%$5.00
Tampa Bay Buccaneers5%$4.75
Washington Commanders4%$3.5
Los Angeles Chargers4%$3.5
Green Bay Packers3%$3.25
Pittsburgh Steelers3%$2.75
Los Angeles Rams3%$2.50
Houston Texans3%$2.50
Denver Broncos2%$2.00
Crypto.com Super Bowl Bets
Detroit Lions celebrating after a win.

Future of Sports Event Trading on Crypto.com

To avoid the risk of sounding as though Crypto.com is the “creator,” we want to make one thing clear: while exchange betting isn’t entirely new, Crypto.com’s regulated platform is 100% paving the way for widespread adoption in the United States, being the first regulated platform to feature sports event trading offers.

Remember: being a fundamentally new concept for mainstream crypto fans doesn't mean the concept hasn't been around for a while elsewhere! It just means that the future looks brighter from up here.

Plus, the demand for event contracts on sporting events has already shown widespread demand, and as the platform grows, more and more sporting events will begin being offered.

One thing we may even begin to see is the inclusion of live event trading, where users can adjust their positions during games. And yes, although the platform is currently all for its app users, the future might also include sports events trading offers for desktop users, making it even more accessible.

The more sporting events offered on the platform via event contracts, the more widespread adoption we’ll see between crypto fans and casual bettors.

And let’s not forget that as competition enters this space, sports event trading could become a key differentiator in the betting market. Essentially, Crypto.com’s early move into this niche positions it to lead a big change in this industry.

These new sports event trading products are considered derivatives and are regulated by the Commodity Futures Trading Commission (CFTC).

Celebrities of the Crypto.com Brand

Starting with its Super Bowl commercials in years past, Crypto.com's brand has continued to explode in recent years through endorsements and partnerships. How? Celebrities including Matt Damon, Eminem, Reese Witherspoon, and Larry David have become spokesmen for the brand, really setting the platform as a global player in the crypto and sports industries.

Crypto.com Crypto Card Banking Experience

Crypto.com’s user-friendly banking experience extends to its sports event trading product. Users can deposit and withdraw funds using a variety of cryptocurrencies, Bitcoin included. And, for those who prefer fiat currency (USD), the platform supports USD deposits via bank transfers and credit cards, making it accessible to new users who are not yet into crypto. And don't worry: transactions are quick, and funds show up in your wallet within minutes.

Plus, with the app's nationwide availability, users can get funds in today to bet on the big game via event contracts, offering low fees and educational resources to get started. Crypto.com also offers a crypto card, which acts as a debit/credit card, giving users promotional points in the form of crypto for using it.

Crypto.com Security

One thing that Crypto.com takes seriously is security, offering users robust security measures to safeguard funds and personal information. This includes two-factor authentication (2FA), cold storage options, and multi-signature wallets. Rest assured that while event contracts and sports trading are new to the platform, taking the utmost responsible security measures is not, and Crypto.com’s commitment to security remains consistent.

Responsible Gambling and Crypto.com

As with all regulated sports wagering platforms, Crypto.com encourages responsible gambling, regardless of the fact that this is not a traditional gambling platform. Users are encouraged to treat it as such, and resources are available to make sure they do.

Customer Support at Crypto.com

Whether you have questions about making trade contracts or even need help once your event begins for the big game, Crypto.com offers 24/7 customer support via live chat and email. You can also access its help center on its website, which covers a wide range of topics when it comes to crypto at large or sports event trading.

Crypto.com Sports Betting App

Final Thoughts on Crypto.com Sports Betting

It's safe to say that Crypto.com’s platform is a trailblazer in the sports betting and cryptocurrency industries. By offering a regulated and new-ish product, the platform is incredibly well-positioned to shape the future of betting.

Whether you’re a crypto pro located in the U.S. or new to the space, Crypto.com makes it easy to participate in sports event trading. With its user-friendly app, security measures, and commitment to responsible gaming, this platform serves as a secure and fun experience for all users. And, as this product and crypto continue to evolve, exchanging betting platforms could prove to be the future of the sports betting industry! For those who want to blend their passion for sports and crypto, Crypto.com’s unique financial product is a must-try.


Crypto.com Sports Review FAQs

Below are some of the most frequently asked questions (and answers) about what sports event trading offers on Crypto.com.

What is crypto?

Crypto is short for cryptocurrency, which are digital currencies secured by a process called cryptography. These operate independently from traditional banking and traditional currencies and differ from cash and fiat money stored and monitored via the blockchain. The risk lies in the volatility of the price of cryptocurrency, as they are not backed by an individual bank or country.

Is crypto.com legit?

Yes, Crypto.com is legit, with millions of users that engage nationwide and across the world - as of June 2023, the company reportedly had 100 million customers and 4,000 employees. It is known across the industry for its security and extensive range of crypto-related services, now including sports event trading.

How do you bet on sports on crypto.com?

To bet on sports on Crypto.com, you have to go to the sports event trading section and choose the sporting events you want to bet on - aka your prediction on the outcome. From there, you will use cryptocurrency to purchase your contract (i.e. place your bet). and trade contracts.

Is there a free code for crypto.com?

As of January 2025, there is no Crypto.com sports bonus offer or Crypto.com sports bonus code, but that could change in the near future. Following the route of traditional sportsbooks, they could soon offer a Crypto.com sports promo offer.

Does Crypto.com have an app?

Yes, Crypto.com has an app, available both on iOS and Android devices. To participate in this exchange and get to see if your own prediction on the outcome is correct, you must use the Crypto.com app.

Does Crypto.com take fees when sports betting?

Yes, Crypto.com charges transaction fees of $2 for placing bets and withdrawing your winnings, regardless of the outcome, if applicable. It's important to review the sports event trading product's fee structure before purchasing contracts (placing bets).