Prospect Markets Ends AI Tool Deal to Pursue $1 Trillion US Entry With Crypto.com
Updated
Updated · Newsfile · Jul 21
Prospect Markets Ends AI Tool Deal to Pursue $1 Trillion US Entry With Crypto.com
3 articles · Updated · Newsfile · Jul 21
Summary
July 21's termination agreement cancels Prospect Markets' March 2 AI liquidity-tool services deal, letting the company redirect capital and staff to its planned US prediction-market launch and market-making buildout.
No shares were issued and no fees were paid under the scrapped contract, Prospect said, and both sides waived any future claims or invoices while the company kept its own data, materials and independently developed IP.
That shift follows Prospect's July 7 letter of intent to enter the US through Foris DAX FCM LLC, or OG Broker, a Crypto.com-related registered futures commission merchant.
The company is targeting a Q3 2026 launch for CFTC-regulated event contracts, subject to definitive agreements and regulatory approvals, as it chases what it estimates is a market exceeding $1 trillion in annual trading volume.