TL;DR
- Crypto.com has partnered with fast-growing sports gaming firm Underdog to launch sports prediction markets across 16 U.S. states, including regions without legal sports betting such as California and Texas.
- Fans can now trade on outcomes from NFL, NBA, MLB, and college football using a federally compliant platform.
- The partnership leverages Underdog’s technology, allowing real-time updates and interactive engagement with every play, merging crypto innovation with mainstream sports trading.
Crypto.com Derivatives North America (CDNA), a CFTC-registered exchange, has teamed up with Underdog, the rapidly growing fantasy and sports gaming operator, to introduce sports prediction markets in the United States. The platform will operate in 16 states and is specifically designed to cover markets where traditional sports betting remains limited, providing millions of fans with a safe and legally compliant way to predict sports outcomes.
Underdog CEO Jeremy Levine emphasized the potential of this new offering, highlighting that prediction markets are evolving rapidly, and sports are emerging as a leading sector. Customers can trade opinions on major leagues such as the NFL, NBA, MLB, and college football, with market prices updating in real-time. This instant feedback allows users to react quickly and share their views on every play using the licensed operator’s platform. The integration also enables cross-platform analytics, letting users track trends, compare predictions with community data, and adjust strategies as games progress.
Seamless Integration And Enhanced User Experience
Travis McGhee, Managing Director and Global Head of Capital Markets at Crypto.com, explained that the collaboration with Underdog brings innovative sports trading solutions to a single app, building on CDNA’s previous offerings of sports events contracts. Users can access the prediction markets while enjoying the same technology powering fantasy sports and sportsbook services, all within the Underdog app.
The partnership positions Crypto.com and Underdog alongside other platforms such as Polymarket, Kalshi, and Robinhood in providing market-driven odds rather than traditional bookmaker pricing. The move aligns with growing interest in regulated, crypto-linked prediction markets, even as federal and state regulators continue to assess legal boundaries. Enhanced security protocols and encrypted trading ensure users’ funds and data are protected, reinforcing confidence in combining crypto-based markets with mainstream sports.
Underdog’s established gaming licenses and responsible gaming measures ensure that prediction markets maintain strong consumer protections. With this launch, American sports fans gain an innovative, interactive way to engage with their favorite leagues.The combination of real-time trading, regulatory compliance, and advanced analytics marks a significant step in making prediction markets more mainstream and accessible to casual and professional sports traders alike.
