Jeremy Bragin
OG
The prediction app Crypto.com launched, now independent, with no deposit fees and an AI co-pilot
4.6/ 5
CoinStats scoreBest for: trading directly on the exchange behind Crypto.com’s markets.
- Regulator
- CFTC: runs NADEX, a CFTC-designated contract market and clearinghouse that also runs the CDNA brand
- Fee on $100 at 50¢
- $3.50
- Minimum deposit
- $1 by ACH push, $10 by most methods, $1,000 by wire
- Deposit options
- ACH, wire, PayPal, Venmo, debit card, Apple Pay, Google Pay and crypto
- Settlement and payout
- Shortly after the event ends. No fixed time is published.
- States
- No sports in IL, MA, MD, MI, NJ, NV or OH, and no markets in AZ, per OG in June 2026
Scored on our published method, from what OG publishes.
Open OGHow we make money
CoinStats may earn a commission if you open an account through links on this page. No venue pays for its score: it comes from the same published method, applied to every app.
Is OG legit?
Yes. OG is a brand of North American Derivatives Exchange, Inc., known as NADEX. That is a federally registered exchange and clearinghouse. The CFTC first approved it, as HedgeStreet, on February 18, 2004.
It has a long paper trail. After IG Group bought it, the exchange took the name NADEX in June 2009. Foris DAX Markets, part of the Crypto.com group, bought it in March 2022. It traded as Crypto.com | Derivatives North America, or CDNA, and still does.
So who owns OG now? On September 8, 2026, OG said a spin-off makes it an independent company, valued at $5 billion. Robinhood will take stakes in OG and Crypto.com. Kris Marszalek, Crypto.com’s founder, is named CEO of both. The CFTC’s registration pages still carry the Crypto.com name.
That settles “legit.” It covers less than most people assume. Registration says who supervises the exchange. It does not settle state law, and Nevada is winning that fight.
Is OG safe? How your money is held
Start with the layers, because OG has more than most apps. The app is OG.com. The exchange and clearinghouse underneath is NADEX, and you can trade on it directly. An affiliate, Foris DAX FCM LLC, is a CFTC-registered broker that trades as OG Broker.
At the exchange, your money is segregated. OG says customer funds sit in segregated accounts under CFTC requirements. Its rulebook sends member deposits to a segregated account at its settlement bank. There they count as “Member Property” under the CFTC’s bankruptcy rules. Behind that sits a $10 million guaranty fund, paid from OG’s own capital, as of August 26, 2026.
Here is what segregation does not give you. OG is not a bank or a stock broker. FDIC insurance covers bank deposits, and SIPC covers securities. Event contracts are neither, so your protection is segregation, not insurance.
One detail sets OG apart. Your cash balance lives in what OG calls a USD Wallet, with its own terms. OG does not spell out how that wallet connects to the exchange account. If you already have a Crypto.com account, the two share one login and one cash balance. Lock one account, and you are locked out of both. OG’s legal page lists state money-transmitter licenses held by Foris DAX, Inc., which does business as Crypto.com.
Getting in takes ID. Sign-up asks for your name, date of birth and the last four digits of your Social Security number. OG may also ask for a driver’s license and a selfie. Deposits of $10,000 or more in 24 hours can trigger extra checks. Two-factor codes from an authenticator app are optional. Once enabled, OG requires one for every cash withdrawal.
Is OG gambling?
Legally, OG says no. Its contracts are derivatives on a CFTC-registered exchange, and its AI assistant is built never to use betting language. In your wallet, the line is thin. You risk money on an outcome, and if you are wrong you lose all of it.
The real difference is who takes the other side. On OG, another account does, through an order book. OG says sportsbooks routinely limit winning accounts, and that it never does. Its rulebook also lets market makers affiliated with the exchange trade there, under conflict-of-interest rules.
Courts are the problem. In October 2025, a federal judge refused to stop Nevada’s regulators from acting against the exchange’s sports contracts. The exchange stopped offering them in Nevada on November 3, 2025. On August 28, 2026, the Ninth Circuit affirmed. It held that these sports contracts are not swaps under federal law.
Other judges disagree. The Third Circuit sided with Kalshi against New Jersey in April 2026. The CFTC itself backed OG’s exchange in a February 2026 brief. On September 11, 2026, the exchange asked the Supreme Court to take the case. Every case is on our prediction market legal tracker.
OG lawsuits and complaints
Read OG’s app-store reviews and the complaints are ordinary. Recent ones dispute a bonus rule and a withdrawal that is hard to track. OG’s replies send both to live chat. The bigger record is legal, and almost all of it concerns the exchange’s sports contracts. None of the cases below has reached a ruling on the merits.
- Maryland: the exchange sues first Maryland’s gaming regulator ordered the exchange to stop its sports contracts. It sued the regulator in federal court instead. OG now lists no sports contracts in Maryland. Source
- A class action in Miami Two traders filed a proposed nationwide class action against the exchange and Foris DAX. They call its sports contracts an unlicensed betting operation dressed up as a financial product. They say users lost hundreds of millions of dollars. No ruling has been reported. Source
- OG sues Washington before Washington sues OG Two days after a state court ordered Kalshi to stop, OG’s exchange sued Washington’s attorney general. It asks a federal court to rule that state gambling law cannot reach its contracts. Source
- Connecticut’s second order Connecticut ordered nine platforms, Crypto.com among them, to stop sports contracts and let residents withdraw their funds. It had sent Crypto.com a first order in December 2025. The state says these platforms accept customers under 21. Source
- Nevada, and a Supreme Court petition After losing in the Ninth Circuit, the exchange asked the Supreme Court to hear its Nevada case. The petition is No. 26-344. Nevada’s response is due October 15, 2026. Source
- Missouri’s demand Missouri’s attorney general ordered Crypto.com and five other platforms to stop sports contracts or face legal action. The letters say they reach users under 21 or lack safeguards against it. Source
None of these cases is about unpaid winnings. They are about whether sports contracts are gambling. One more line matters before you trade: OG’s terms send member disputes to arbitration under the exchange’s rules.
How OG works
Every OG market is a yes-or-no question with a close date and a named source for the result. Contracts trade between 1¢ and 99¢. A winning contract pays $1 and a losing one pays nothing. So the price doubles as the market’s probability.
| Cost of the contracts | $40.00 |
| Taker fee (0.07 × 100 × 0.40 × 0.60, rounded up) | $1.68 |
| Total you pay | $41.68 |
| Paid out if the answer is Yes | $100.00, a profit of $58.32 |
| Paid out if the answer is No | $0.00, a loss of $41.68 |
You can sell before the result if a buyer is there. Limit orders rest on the book until they fill or you cancel them. Quick orders fill at once, and any part that cannot fill is cancelled. Once an event starts, every order waits through a 3-second delay.
Combos join 2 to 8 sports legs, and every leg must win. They take no limit orders. OG Alpha, an AI assistant, researches matchups and prices. It will not tell you what to buy, and OG warns it can get details wrong.
OG fees, with the arithmetic
0.07 × contracts × price × (1 − price) for takers, 0.0175 for makers. Crypto, FX, commodity and index contracts cost 2¢ each. On $100 at 50¢, which buys 200 contracts, that comes to $3.50.
| Price | Cost of 100 contracts | Taker fee | Paid if right |
|---|---|---|---|
| 10¢ | $10.00 | $0.63 | $100.00 |
| 25¢ | $25.00 | $1.32 | $100.00 |
| 50¢ | $50.00 | $1.75 | $100.00 |
| 75¢ | $75.00 | $1.32 | $100.00 |
| 90¢ | $90.00 | $0.63 | $100.00 |
Notice the shape. The fee peaks at 50¢, where the outcome is least certain, and shrinks toward either end. Closing early costs the same fee as opening. Holding to settlement costs nothing more, win or lose.
Money in is free. OG charges no fee on bank, wire, card, PayPal, Venmo or crypto deposits, though your bank or crypto network may. The one withdrawal fee is 1.5%, for instant RTP transfers. See how that compares on our prediction market fees page.
Does OG pay out? Withdrawal times and holds
Yes. When a market settles, each winning contract credits $1 to your balance. OG says that normally happens shortly after the event ends, but publishes no fixed time. Canceled events pay a recent average price and refund fees. Ties pay 50¢ a contract to both sides.
Withdrawals go to a bank account you link through Plaid. ACH is free but can take several business days. RTP usually arrives within minutes, for a 1.5% fee. In New York you can also withdraw to your debit card, up to what you deposited with it.
One rule trips people up: the linked-bank hold. Money you pull in through Plaid is ready to trade within seconds. It cannot leave for 7 business days. OG’s pages list no such hold for transfers you push from your own bank.
Crypto can fund an account through Mesh, converted to dollars on arrival. OG lists no way to withdraw in crypto, and New York users cannot deposit it.
| Deposited by | Minimum | Withdrawal hold |
|---|---|---|
| Linked bank (Plaid) | $10, or 1¢ in New York | 7 business days |
| ACH you send | $1 | None published |
| Wire you send | $1,000 | None published |
| PayPal or Venmo | $10 | None published |
| Debit card, Apple Pay, Google Pay | $10, or $1 in New York | None published |
| Crypto through Mesh | Not published | None published |
What you can trade on OG
OG lists all six categories we track: sports, politics, economics, crypto, culture and climate. Sports come first, with winners, spreads, totals, player props and combos. It also lists crypto, currency, commodity and stock-index contracts at a flat 2¢ each.
Its prices are public on OG.com without an account. CoinStats does not track them yet, so OG’s quotes are not in our live prediction market odds.
Where OG is available
OG’s help center says it is open in every state, with some contracts closed in some. Its own June 2026 list is narrower. Arizona residents cannot trade any market. Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey and Ohio get no sports contracts. Other categories stay open there.
That list moves. It also shut out New York, until OG launched there on June 13, 2026. Arizona went dark in December 2025, sports first and then everything else. Nevada’s sports contracts closed after a court loss, as the gambling section explains.
More states are pushing. Tennessee, Connecticut and Missouri have ordered Crypto.com, the exchange’s other brand, to stop sports contracts. OG’s published list does not include them, so check the app before you trade. In Washington, OG sued first.
Rulings against the exchange reach further than the app. NADEX also takes orders from FanDuel Predicts, DraftKings Predictions, Fanatics Markets and Robinhood. A ruling against NADEX can reach its contracts on all of them. Check whether OG is legal in your state first.
Not legal advice.
The OG app and support
On the App Store, OG rates 4.5 from 1,485 ratings. On Google Play it rates 4.3 from 716. Both were read on September 25, 2026.
Those scores belong to a young app. OG launched on February 3, 2026, on iOS, Android and the web. Its Google Play developer is OG Markets Limited, with an address in the British Virgin Islands.
Support runs through live chat at chat.og.com, in the app and on the web. The store listing adds an email, contact@og.com, and claims help around the clock. You can also ask support to self-exclude you. Reactivating requires a seven-day cooling-off period.
OG pros and cons
Pros
- An exchange with a long record. NADEX has been CFTC-registered as an exchange and clearinghouse since 2004.
- Free deposits. No OG fee on bank, wire, card, PayPal, Venmo or crypto deposits.
- A fee formula you can check. Takers pay 0.07 × contracts × price × (1 − price); resting orders pay a quarter of that.
- Segregated funds, plus a guaranty fund. Customer funds are segregated, backed by a $10 million guaranty fund from OG’s own capital.
- Winners are not limited. OG says it never restricts accounts for trading well.
Cons
- Sports closed in eight states. No sports in seven states, and no markets at all in Arizona, by OG’s June 2026 list.
- Losing the court fight. The Ninth Circuit ruled for Nevada, and three more states have ordered Crypto.com, its sister brand, to stop sports.
- A 7-day bank hold. Deposits pulled from a linked bank cannot be withdrawn for 7 business days.
- Fast withdrawals cost 1.5%. ACH is free but can take days; instant RTP transfers carry a 1.5% fee.
- A company in transition. Launched in February 2026, it announced its spin-off from Crypto.com in September.
OG vs the alternatives
OG ranks fourth of 15 apps in our ranking of prediction market apps, at 4.6 out of 5. Its closed states cost it points on that scale.
Kalshi also runs its own exchange, with the same taker formula and all six categories. Crypto.com’s app lists contracts from OG’s exchange, so it shares OG’s entry. FanDuel Predicts and Robinhood route some contracts to it too.
Our verdict: is OG worth it?
OG is legit. It sits on an exchange the CFTC first approved in 2004. Customer funds are segregated, and the fee formula is one you can check. Every deposit method OG publishes is free.
The risks are specific. It is a new company in the middle of a spin-off. Its exchange is losing the sports fight in Nevada, and more states are sending orders. And as on any market here, you can lose everything you put in.
If those risks suit you, check whether OG is legal in your state first.