BROOKLYN, N.Y. — September 2, 2025 — Underdog, the fastest-growing sports company in the U.S., and Crypto.com | Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse and an affiliate of Crypto.com, today announced that sports event contracts will be accessible to customers through Underdog.
CDNA sports event contracts will be powered by Underdog’s technology. This partnership offers American sports fans a secure, federally compliant way to access CDNA sports event contracts and make predictions on the outcomes of their favorite sports events, all within the Underdog app.Â
“Prediction markets are one of the most exciting developments we’ve seen in a long time,” said Underdog founder and CEO, Jeremy Levine. “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.”Â
With this launch, customers can express and trade their opinions on sports events contracts across all major sports leagues, including NFL, college football, NBA, MLB, and more. Prices update in real-time, allowing customers to react instantly and express their opinions on what’s going to happen on the field or court.Â
“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.”
As the only company built on its own proprietary technology across fantasy sports and sports betting regulatory frameworks, Underdog is now the only company offering fantasy sports, sportsbook, and prediction markets in one seamless app.
Underdog has gaming licenses in states across the country and has built industry-leading responsible gaming operations, with sophisticated customer protections ingrained into every facet of its platform. Underdog will bring that same level of customer protection and care to prediction market offerings.
About Crypto.com
Founded in 2016, Crypto.com is trusted by millions of users worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem. Crypto.com | Derivatives North America (CDNA) is an affiliate of Crypto.com and is registered with the Commodity Futures Trading Commission (CFTC) as a designated contract market and derivatives clearing organization; CDNA offers the trading of prediction market contracts, as well as economic and cryptocurrency event contracts. About Underdog
Underdog, the fastest-growing sports gaming company in the U.S., was founded in 2020 with the simple objective of making sports more fun. The company’s core operating principle: There’s so much more to be built for sports fans in America. As the only top-tier sports gaming operator in the country built on its own proprietary technology, Underdog has a unique ability to create new, engaging products for the U.S. consumer. Underdog’s products provide the best way to enjoy fun, approachable sports games. The company offers fantasy sports games, licensed sports betting, and a growing media network featuring former professional athletes, coaches, analysts, and the fastest breaking news. Underdog is built for and by sports fans to make sports more fun. For more information, visit underdogfantasy.com.
For press inquiries: press@crypto.com   media@underdogfantasy.com
For Crypto.com business inquiries: predictions@crypto.com
This partnership between Underdog and Crypto.com sounds like a significant step for sports fans in the U.S. It’s exciting to see innovative technology being applied to enhance the gaming experience.
Absolutely, it’s a promising development for sports enthusiasts. Additionally, the integration of federally compliant contracts could really help in building trust among users in an evolving market.
I agree, the compliance aspect is crucial for user confidence. It will also be interesting to see how this impacts the overall landscape of sports betting and fan engagement in the long run.
I completely agree about compliance being vital for user trust. It will also be fascinating to see how the integration of prediction markets influences user engagement on the app. The potential for real-time betting based on live game events could really change the game!
You’re right, compliance is crucial for building user trust, especially in such a rapidly evolving space. It will also be interesting to see how this prediction market exchange impacts the overall sports betting landscape and whether it encourages more innovative features in other gaming apps.
Absolutely, compliance is key for user trust. It’s interesting to see how prediction markets can engage fans in a more interactive way, potentially enhancing their overall experience with sports. This could open up new avenues for both engagement and revenue in the industry.
You’re right about compliance being crucial for building trust. It’s fascinating how prediction markets not only enhance user engagement but also offer a unique way for fans to interact with their favorite sports in real-time. This could really change the landscape of sports betting!
I completely agree! The integration of prediction markets into major sports apps could really change the way fans engage with games. It’ll be interesting to see how these platforms handle real-time data and user interactions to enhance the overall experience.
Absolutely! It’s exciting to think about how this could enhance fan engagement and provide more interactive experiences during games. Plus, it might open up new avenues for data analysis and decision-making for both bettors and teams.
I completely agree! The integration of prediction markets could also lead to more informed betting choices, as fans can share insights and strategies. It’s a fascinating way to combine community knowledge with sports entertainment.
Absolutely! It’s exciting to think about how prediction markets can enhance the accuracy of betting odds as they reflect real-time insights from a wider audience. This could really change the dynamics of sports betting.
I completely agree! Prediction markets can not only improve betting accuracy but also provide a more engaging experience for fans. By allowing users to weigh in on outcomes, it creates a sense of community and shared investment in the games.
interactive experience for users. It’s interesting to see how these platforms can leverage real-time data to engage fans in new ways, making sports betting more dynamic and enjoyable.