Prospect Markets Focuses on US Launch, Terminates Legacy AI Services Agreement

Vancouver, British Columbia--(Newsfile Corp. - July 21, 2026) - Prospect Prediction Markets Inc. (TSXV: MKT) (OTCQB: MKTSF) (FSE: DEP) (" Prospect Markets " or the " Company ") today announced that it has entered into a Termination and Mutual Release Agreement (the " Termination Agreement "), mutually terminating its March 2, 2026 services agreement (the " Services Agreement ") with an arm's-length technology provider for the development and licensing of an artificial intelligence liquidity-management tool. The termination allows Prospect Markets to direct its full focus and financial resources toward its previously announced entry into the United States prediction markets alongside Crypto.com, and toward the build-out of its complementary market-making business. Since signing the Services Agreement earlier this year, Prospect Markets' strategic priorities have advanced, headlined by the Company's July 7, 2026 letter of intent to enter the US market through infrastructure backed by Crypto.com. Terminating the Services Agreement removes a legacy contractual commitment and preserves the Company's flexibility to deploy capital toward the initiatives it believes will drive the most value: its US prediction market platform, its regulated market entry, and its market-making operation. Pursuant to the Termination Agreement, no shares have been issued and no fees have been paid by the Company under the Services Agreement, and any right to claim, invoice for, or receive any amounts has been irrevocably waived. The parties have granted each other a customary mutual release of all claims relating to the Services Agreement and Prospect Markets retains all right, title, and interest in its own data, materials, trademarks, and independently developed intellectual property. Focused on the US Opportunity with Crypto.com Moving forward, Prospect Markets is concentrating on executing its US market entry. As announced on July 7, 2026, the Company is working with Foris DAX FCM LLC, operating as OG Broker, a registered Futures Commission Merchant (FCM) and related entity of Crypto.com. Under the contemplated partnership, Prospect Markets would introduce US participants to CFTC-regulated event contracts through OG Broker's licensed infrastructure — the Company's gateway into the United States, the world's largest prediction markets opportunity, which the Company believes represents an addressable market estimated to exceed $1 trillion in annual trading volume 1 . Subject to the execution of definitive agreements and any applicable regulatory approvals, the parties are targeting a product launch in Q3 2026. The Company also continues to advance its market-making initiative, which it views as a strategically important and complementary business to its consumer trading platform. "This is about focus. Our entire organization is now pointed at one thing: bringing a sports-native prediction market to the US alongside our partners at Crypto.com," said Johnny Chen, Founder and CEO of Prospect Markets. "We can now focus all of our efforts on the US launch, our market-making business, and the partnerships we have ahead. Our mission is to make every sports moment tradable, and this keeps us moving toward it as fast as this market demands." 1 https://www.cnbc.com/2026/04/14/prediction-markets-will-grow-to-1-trillion-by-2030-bernstein-says.html About Prospect Markets Prospect Markets is the prediction market platform built natively for sports. From the world's largest leagues to niche competitions, Prospect turns every sports moment into a tradable market. Fans trade peer-to-peer on outcomes using real-time data from our second-screen experience which transforms passive viewership into active market participation. On behalf of the Company: Johnny Chen Founder & Chief Executive Officer Email: [email protected] Web: www.prospectmarkets.com