ProphetX, the U.S. sports prediction platform federally regulated by the CFTC, announced it is teaming up with Agg Market to expand its entire contract catalog directly onto the Solana blockchain. Jake Benzaquen, co-founder and Chief Commercial Officer of the firm, detailed that the integration tokenizes and migrates the sports event offerings to on-chain infrastructure without altering settlement terms or the existing regulatory framework.
This move marks a key milestone for the Web3 ecosystem, as it combines for the first time the liquidity of a prediction market supervised under federal licenses (DCM and DCO) with the speed and low cost of Solana. For the crypto market, it cements Solana as a prime hub for deploying decentralized finance and real-world event markets, paving the way for users to trade peer-to-peer (P2P) sports contracts directly from their standard wallets.
As a strategic next step, the Solana Foundation will back a builder grant program aimed at funding developers who build decentralized applications using ProphetX APIs and liquidity via Agg Market.
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