OG is among a category of sites allowing traders to buy and sell binary contracts on the outcomes of real events, but is there any legal backing for prediction market sites, and is OG legal in the US?
To answer the questions, yes, OG is legal in the United States, but with restrictions. For example, the site is unavailable to traders in New York and Arizona, period. What’s more, sports contracts are restricted in several states, limiting traders to other categories like economics and climate. Here’s a quick guide to OG’s availability in the US.
Quick Facts About OG
- OG is a prediction market site from CDNA, an exchange regulated by the CFTC.
- The prediction market site is legal nationwide, except in New York and Arizona.
- OG is restricted from trading sports contracts in several US states, including Illinois and Ohio.
- All OG traders must be at least 18 or the age of majority in their jurisdiction.
Is OG Legal in the US?
Yes, OG operates through CDNA, a CFTC-registered Designated Contract Market. Launched early in 2016 by Crypto.com and offered through Crypto.com Derivatives North America (CDNA), the site allows registered traders to trade contracts on the outcome of real events in various
OG prediction markets, which is the site’s name for categories.
It’s currently available in all US states except New York and Arizona, which are the only two states where the site doesn’t accept traders. Moreover, residents of Nevada, Michigan, Massachusetts, Ohio, Maryland, Illinois, and New Jersey are currently restricted from trading sports event contracts, limiting them to other markets like entertainment, economics, companies, and climate on OG.
Since it’s not a sports betting site, OG is legal in Texas, California, Alaska, and many other states where online bookmaking would be unavailable. However, it’s worth noting that OG has a few restrictions traders should keep in mind before trading event contracts on the prediction market site. The following section will explain the requirements for using OG in the US.
Prediction Trading is facilitated through Crypto.com | Derivatives North America (CDNA). Foris DAX Inc. and Foris Inc. (d/b/a OG ) provide access to CDNA, a platform regulated by the U.S. Commodity Futures Trading Commission (CFTC), allowing users to trade derivatives in accordance with CDNA’s rules and regulations.
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Eligibility Requirements for OG in the US
From the preceding section, it’s pretty clear that OG is only unavailable in two US states, Arizona and New York, but there are other restrictions to expect, even if you’re in a state like California, where OG is legal. Here are a few key OG eligibility requirements to keep in mind when using the prediction market site:
| Condition | Requirement |
| Age requirement | 18+ (19+ in Nebraska and Alabama) |
| KYC requirements | Identifying information, government-issued ID, and liveness checks |
Minimum Age Requirement
Another key requirement for using OG beyond being in the United States is being at least 18 or the age of majority in your jurisdiction. In practice, this
age requirement for OG
requires traders in Nebraska and Alabama to be 19 or older, as those are the only two states with a different age of majority than the rest of the United States.
KYC Requirements
OG requires all traders to complete mandatory Know-Your-Customer (KYC) checks to use the site, which is standard for prediction market sites. The KYC process is simple: just enter your full name, address, date of birth, and upload a government-issued ID to verify your identity.
Each registration is routed through OG’s third-party provider, Crypto.com Derivatives North America (CDNA), for approval, and you can only place trades on the prediction market site after your application is approved.
Pros and Cons of OG in the US
We’ve tested OG extensively and compared it with competing prediction market sites in the United States. Here are the top pros and cons we observed from the prediction market site during our testing:
Pros and Cons
- Legal in 48 states + DC
- Standard age requirement (18+)
- Supports various markets
- Not legal in Arizona and New York
Conclusion – OG Is Legal in the US
Ultimately, we can conclude that OG is legal in the United States, at least for the most part. Unless you’re in New York or Arizona, OG will let you predict the outcome of real-world events legally by trading event contracts that settle to $1 if your prediction is correct and $0 if it isn’t. We also noted specific market restrictions in some states, so traders in affected states may want to consider these limitations when using the prediction site.
If you’re in DC or any of the other 48 OG legal states in the US, you can claim a signup bonus of five 100% profit boosts when you sign up for the prediction market site and place one trade every day for your first five days on the site. Remember, trading prediction markets involves risk, but if all you’ve read so far sounds like one you’d like to try, just click the banners on this page to visit OG for more information and join the action.
OG Is Legal FAQs
🗽 Is OG Legal in New York?
No, OG is unavailable in New York and Arizona, but it’s accessible from every other state in the US. Some states have extra restrictions; OG is legal in Ohio, for example, but you can’t trade contracts on sports events.
🎂 What’s the Minimum Age Requirement for OG in the US?
OG is only available to traders who are at least 18 or the age of majority in their jurisdiction, whichever is higher. The number is 18 nationwide, but Alabama and Nebraska both have higher minimum age requirements of 19, so prospective traders under the age of 19 in those states may have to wait for an extra year to be eligible for the service.
🌍 Where Is OG Legal?
The site is legal nationwide, except in Arizona and New York, where it is unavailable to traders. Also, you can encounter restrictions in some jurisdictions, like Maryland and Illinois, for example, where OG is legal but doesn’t offer event contracts on sports.
This content is sponsored by OG / Crypto.com: Securely Buy, Sell and Trade Bitcoin, Ethereum and 400+ Crypto and should not be considered as investment advice. Trading on prediction markets carries risks, including market volatility and the possibility of losing your stake. Before participating, carefully consider your risk tolerance and the potential outcomes.
Foris DAX Inc. and Foris Inc. (d/b/a Crypto.com) offer connectivity to Crypto.com | Derivatives North America (CDNA), which is regulated by the Commodity Futures Trading Commission, for the purpose of trading derivatives on and subject to the rules of CDNA. Currently available for U.S. users only, who must first become a Member of CDNA prior to trading event contracts on CDNA. Trading on CDNA involves risk and may not be appropriate for all. Customers risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Past performance is not necessarily indicative of future results. None of the material on Crypto.com or CDNA is to be construed as a solicitation, recommendation or offer to buy or sell any financial instrument on CDNA or elsewhere. CDNA is subject to U.S. regulatory oversight by the CFTC.
Participating in Level Up does not guarantee access to all services or benefits. Services and potential benefits remain subject to local jurisdictional requirements, availability, and terms and conditions, among other things. See https://crypto.com/us/levelup for details.
Services, features and other benefits referenced may be subject to eligibility requirements, token holdings, and may change at the discretion of Crypto.com. Depositing funds or taking part in prediction markets does not constitute an endorsement of trading activity. Promotional rewards or bonuses are not guaranteed. Certain features, rewards and benefits are available only in eligible markets and may vary by region.
