In short
- Hollywood.com and Crypto.com join in their debuts in entertainment-focused prediction markets.
- The prediction markets have been booming lately with record volumes and multi-billion dollar platform valuations.
- Crypto.com also supports an upcoming Truth Predict platform from Trump Media & Technology Group.
Prediction market fever is sweeping through crypto, politics, sports – and now Hollywood.
On Monday, hollywood.com one announced exclusive collaboration with crypto exchange Crypto.com to introduce entertainment-oriented prediction markets that focus on topics such as film, television, music and more.
The event contracts are provided by Crypto.com Derivatives North America, a CFTC-registered exchange and clearinghouse, which provides users with a federally compliant way to make predictions on movies, actors, television shows, awards and more. Hollywood.com, a news website focused on the entertainment industry, will promote the markets on its platform.
The new offering allows users to share their opinions on event contracts for Hollywood films, Broadway productions, television shows, musicians and major awards shows. Prices are updated in real time, allowing immediate responses to entertainment developments.
“The success of prediction markets demonstrates the tremendous appetite to trade based on the outcome of future events – and now Hollywood.com is bringing that innovation to entertainment’s biggest stage,” said Mitchell Rubenstein, co-CEO of Hollywood.com in a press release. “Imagine predicting the winners of reality shows and awards shows, or whether a music artist will reach No. 1 on the charts. We’re giving fans a voice in predicting the moments that define entertainment.”
Crypto.com recently unveiled plans to introduce prediction markets in partnership with Trump Media & Technology Group, which is majority owned by President Trump and operates the Truth Social platform. The planned Truth Predict platform is the latest collaboration between the companies that goes beyond unveiling crypto ETFs and integrating Crypto.com’s CRO as a utility token for Truth Social users.
The prediction markets started blowing up last year when market leader Polymarket started getting big mainstream buzz around the US presidential election. Since then, many other prediction market platforms have emerged Polymarkt And Kalshi both recently raised money at multi-billion dollar valuations, and trading volume reach a record high. (Disclaimer: Declutter‘s parent company Dastan operates a prediction market called Countless markets.)
Hollywood.com’s move comes just days after MoviePass introduced its own public beta box office prediction platform, Mogul. However, Mogul does not yet offer real money betting and is more of a game-like experience with a prize pool for top players.
Daily debriefing Newsletter
Start every day with today’s top news stories, plus original articles, a podcast, videos and more.
