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Arizona has become the ninth state in which Crypto.com has stopped offering sports betting markets and contracts.
On Tuesday, December 2, for sports event contracts and Friday, December 12, for all other prediction markets, Crypto.com no longer offers its services in Arizona, making it the ninth state in which it no longer operates, as reported by Sports Betting Dime. Arizona joins Michigan, Maryland, Massachusetts, Illinois, New Jersey, Nevada, Ohioand New York. Just on Monday (December 15), the Arizona regulator notified the gambling company Underdog that it intends to revoke its fantasy sports contest license.
A @cryptocom The spokesperson confirmed that the company no longer offers prediction markets / sports event contracts in Arizona.
Trying to confirm the exact date when the offerings were taken from Arizona.
— RLinnehanSR (@RLinnehanSR) December 15, 2025
This comes as a result of pushback from state regulators and government bodies, who argue that prediction market companies like Crypto.com are just a way for them to offer illegal sports betting without a license. States have one by one issued cease-and-desist notices or initiated lawsuits to ban prediction markets from operating within their borders. Those lawsuits are still ongoing in Maryland, Massachusetts, New Jersey, New York, Nevada, and Ohio, with Crypto.com suspending operations in the meantime.
Why do states like Arizona have an issue with prediction markets?
As a heavily regulated sector, sports betting in particular, although legal in 39 states, as well as Washington DC and Puerto Rico, requires different licenses and special regulations, depending on the state. However, prediction markets have quickly grown in the gray area outside of regulation.
The result is a battle over who has the right to regulate sports event contracts. Crypto.com and its competitors such as Robinhood and Kalshi argue that state regulatory bodies do not have the right to override or reject the government’s authority to regulate prediction markets. Kalshi mainly works with most of the federal bodies viz the US Commodity Futures Trading Commission (CFTC) to avoid the need for regulation at the state level.
State bodies, on the other hand, have launched legal battles with the view that they need to control the prediction markets, especially those that offer contracts in sports activities.
ReadWrite has reached out to Crypto.com for further comment.
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The post Crypto.com takes over the prediction market and sports contracts from Arizona first appeared in ReadWrite.
