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Underdog, Crypto announce partnership for sports prediction markets

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Publish Date: Sep 03, 2025

Fact checked by: Sara Jane Gamelli

With so much volatility in recent months with prediction markets across the country, it hasn't stopped one fantasy sports company to join the fray.

Brooklyn-based Underdog and Tyler, Texas-based Crypto.com | Derivatives North America (CDNA), a Commodity Futures Trading Commission (CFTC) registered exchange and clearinghouse and an affiliate of Crypto.com, announced Tuesday that they have formed a partnership where sports event contracts will be accessible to customers through Underdog's app.

Underdog App

They will offer sports betting prediction markets in 16 states (Alabama, Alaska, Arkansas, California, Georgia, Minnesota, Nebraska, New Mexico, North Dakota, Oklahoma, Rhode Island, South Carolina, South Dakota, Texas, Utah, and Wisconsin)

“While still new and evolving, one thing is clear – the future of prediction markets is going to be about sports – and no one does sports better than Underdog," said Jeremy Levine, founder and CEO, Underdog in a news announcement.

Users can express and trade their opinions on sports events contracts (prices update in real-time) across all major sports leagues, including NFL (starts Thursday, Sept. 4), college football (first full weekend already in the books), NBA, MLB, and more.

“We are thrilled to partner with Underdog to enhance the sports experience for customers nationwide with the ability to now trade using Underdog’s technology - all in one app,” said Travis McGhee, Managing Director, Global Head of Capital Markets at Crypto.com. “We were the first to offer sports events contracts, and our technology partnership with Underdog will provide more access to CDNA’s innovative offerings.”

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