The post Underdog and Crypto.com Launch Sports Prediction Markets in 16 States appeared first on SportsHandle.

In an exciting development for sports enthusiasts, Underdog is teaming up with Crypto.com to launch sports prediction markets in 16 states where legal sports betting is not yet available. This collaboration aims to bring a secure and federally compliant platform for fans to engage in dynamic sports trading.

By integrating CDNA’s sports event contracts with Underdog’s cutting-edge technology, this partnership allows fans to make predictions on their favorite games across major sports leagues, including the NFL, college football, NBA, and MLB. The service will be accessible through the intuitive Underdog app, enabling users to track real-time price updates and instantly react to the sports events they love.

A New Era in Sports Engagement

“Prediction markets are one of the most exciting developments we’ve seen in a long time. While still new and evolving, the future of prediction markets is going to be about sports – and no one does sports better than Underdog,” said Jeremy Levine, Underdog’s founder and CEO.

According to Crypto.com, this partnership enhances the sports experience by establishing Underdog as the only operator offering fantasy sports, licensed sportsbooks, and prediction markets within a single app. With gaming licenses nationwide, Underdog has built a responsible gaming operation emphasizing customer protection.

Travis McGhee, Managing Director and Global Head of Capital Markets at Crypto.com, shared his enthusiasm:

“We are thrilled to partner with Underdog to enhance the sports experience for customers nationwide. Our technology partnership with Underdog will provide more access to CDNA’s innovative offerings.”

A Crucial Step Forward

With companies like Robinhood, Kalshi, and Polymarket already offering similar contracts, Underdog is entering a competitive field. FanDuel has recently announced a peer-to-Peer Fantasy Product “FanDuel Picks”, and DraftKings is also eyeing the space, indicating a growing interest in these markets.

This collaboration comes at a pivotal time, as both companies seek to broaden access to engaging sports content in regions still waiting for traditional sports betting legislation. Offering this new method of interaction with sports, fans have a fresh, compliant way to deepen their sports engagement, making sports markets accessible to many who were previously left out.

The post Underdog and Crypto.com Launch Sports Prediction Markets in 16 States appeared first on SportsHandle.