Underdog Partners with Crypto.com to Launch Regulated Sports Prediction Contracts

Sports betting platform Underdog has announced a major partnership with Crypto.com to bring regulated sports prediction markets to its users. The deal, revealed on Tuesday, September 2, marks a significant step toward making prediction markets a mainstream part of the sports betting industry.

Details of the Partnership

Under the agreement, Crypto.com Derivatives North America (CDNA) will make its regulated sports event contracts available directly through Underdog’s platform. At launch, the offering will allow customers to bet on outcomes across major U.S. sports leagues, including the NFL, NBA, and college football.

Underdog, which developed the underlying technology, emphasized that this integration provides American users with a safe and regulated way to participate in prediction markets, combining traditional sports betting with a more flexible contract-based system.

Travis McGhee, Managing Director and Global Head of Capital Markets at Crypto.com, said the move would transform how fans interact with sports: “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. We were the first to offer sports events contracts, and our technology partnership with Underdog will provide more access to CDNA’s innovative offerings.”

Growing Momentum in Prediction Markets

Prediction markets, which allow participants to trade contracts based on real-world outcomes, have surged in popularity in recent years. While platforms like Polymarket have dominated much of the early adoption, new entrants are increasingly entering the space.

Just last week, The Clearing Company announced it had raised significant funding in a seed round backed by investors including Union Square Ventures, Coinbase Ventures, and Compound, with the goal of building a regulated and permissionless prediction market.

Underdog CEO Jeremy Levine described the rise of prediction markets as transformative: “Prediction markets are one of the most exciting developments we’ve seen in a long time. 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.”

What This Means for Sports Fans

The partnership positions Underdog and Crypto.com at the forefront of blending traditional sports betting with the fast-growing world of prediction markets. For fans, it means more options to engage with the games they follow—not only through fantasy sports or standard wagers, but also by trading on outcomes in a regulated environment.

With mainstream players now investing heavily in the space, prediction markets appear poised to move from niche platforms into the center of the sports betting experience.