Brooklyn, N.Y. — Sports fans can now do more than watch and wager — they can trade their predictions in real time. Underdog, the fastest-growing sports company in the U.S., has teamed up with Crypto.com | Derivatives North America (CDNA) to launch the first-ever prediction market exchange integrated directly into a major sports gaming app.
Through the partnership, users of the Underdog app will be able to access CDNA’s sports event contracts — a new, federally compliant way to make predictions on outcomes across the NFL, NBA, MLB, college football, and more.
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Built on Underdog’s proprietary technology, the integration makes prediction markets simple, legal, and accessible to millions of fans nationwide.
“Prediction markets are one of the most exciting developments we’ve seen in a long time. The future of prediction markets is going to be about sports — and no one does sports better than Underdog.”
Jeremy Levine, Founder & CEO of Underdog
Real-Time Trading Meets Sports Fandom
Unlike traditional betting, sports event contracts trade like markets: prices move in real time, letting fans instantly express changing opinions during live games. Customers can buy, sell, and manage positions as plays unfold — whether it’s a last-minute touchdown or a walk-off home run.
“We were the first to offer sports event contracts, and our partnership with Underdog expands that vision. Now fans can experience trading, fantasy, and prediction markets seamlessly in one app.”
Travis McGhee, Managing Director & Global Head of Capital Markets at Crypto.com
Why It Matters
This launch positions Underdog as the only U.S. operator offering fantasy sports, sportsbook, and prediction markets under one roof. With licenses in states nationwide and a strong focus on responsible gaming, the company says it will bring the same safeguards and player protections from its fantasy and betting products to its new prediction market feature.
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For Crypto.com, the partnership strengthens its foothold in U.S. regulated markets. CDNA is registered with the Commodity Futures Trading Commission (CFTC) as both a designated contract market and derivatives clearing organization, making its sports contracts the first of their kind to operate under federal oversight.
