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Crypto’s AI push stalls without a ‘ChatGPT moment,’ Justin Sun says

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Crypto’s AI push stalls without a ‘ChatGPT moment,’ Justin Sun says

Crypto billionaire Justin Sun says crypto’s next breakout may come from artificial intelligence (AI), posting Tuesday on X that he is all-in on AI, but the industry has not yet produced a product that resonates with consumers.

In an interview with CoinDesk before Consensus Hong Kong 2026, the Tron founder argued that most AI-linked tokens remain conceptual rather than functional.

While investors frequently cite AI as the next catalyst for digital assets, Sun said the sector lacks the equivalent of a “ChatGPT moment” — a consumer-facing application that clearly demonstrates value.

Until that happens, he said, excitement alone is unlikely to drive a sustained market cycle, leaving crypto reliant on progress in payments, settlement, and other proven use cases.

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“For most of the AI tokens, it’s only a concept,” Sun said in Hong Kong. “It’s not really hitting the point yet.”

Sun nonetheless maintained that the convergence of AI and blockchain remains one of the most promising long-term directions for the industry, particularly if developers can produce tools that feel immediately useful rather than experimental.

In the meantime, Sun said the industry’s most dependable momentum continues to come from areas that already show consistent demand, particularly stablecoins and cross-border payments.

In parts of the global south where locals simply don’t trust inflation-ravaged currencies, USDT on Tron is a lifeline for financial access. As Tether founder Paolo Ardoino highlighted last summer, in countries like Bolivia, high-end imports are paid for in USDT.

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“[With blockchain it’s] first time in the world we have this kind of digital dollar settlement, where you can transfer the money everywhere, 24/7,” Sun said.

Until a consumer AI product delivers the same clarity stablecoins already provide, crypto’s most visible progress will likely remain in the infrastructure quietly underpinning everyday transactions.

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Crypto World

Crypto.com Launches OG Prediction Market Platform

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Crypto.com Launches OG Prediction Market Platform

Crypto.com has spun out its prediction markets business, first launched in 2024, into a standalone platform called OG, competing with the likes of Polymarket and Kalshi. 

OG is powered by Crypto.com Derivatives North America (CDNA), a Commodity Futures Trading Commission-registered exchange and clearinghouse and affiliate of Crypto.com

OG said on Tuesday that it is only available in the United States for now.

Entering a ‘deca-billion dollar’ industry

Kris Marszalek, co-founder and CEO of Crypto.com, highlighted the firm’s growth in the prediction market space as the reason for launching a dedicated platform. 

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Crypto.com first announced the launch of a “sports event trading” product for US users in December 2024.

“We’ve experienced 40x weekly growth in our prediction market business over the last six months. This type of growth warrants a concerted effort with a standalone platform.”

Related: Polymarket strikes prediction market deal with major US soccer league

Nick Lundgren, chief legal officer of Crypto.com and new CEO of OG, described prediction markets as a “deca-billion dollar industry.” 

However, OG is entering a crowded space. Coinbase launched its own prediction market platform in the US in partnership with Kalshi in late January, while Hyperliquid proposed plans to expand into prediction markets on Monday. 

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Boom time for prediction markets

OG is debuting amid accelerating growth in prediction markets, with Wall Street exploring event contracts for new use cases beyond blockchain betting.

Prediction markets have seen 130-fold growth, from less than $100 million per month in early 2024 to over $13 billion by the end of 2025, according to International Banker. 

The combined volume for market leaders Polymarket and Kalshi was $37 billion in predictions placed in 2025, and the two platforms raised $3.6 billion in equity investment in 2025.

Meanwhile, prediction market firm revenues are expected to balloon from around $2 billion annually to over $10 billion by 2030, according to the Citizens Financial Group.

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Polymarket and Kalshi volumes, categories, and top markets. Source: DeFi Rate

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