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Crypto.com Partners with Underdog to Launch Sports Prediction Market in the United States

Summary: According to TheBlock, Underdog has partnered with Crypto.com's Derivatives North America to launch a sports prediction market in 16 states, prioritizing those where sports betting is not yet legal, such as California and Texas. Fans will be able to trade on the outcomes of major leagues like NFL, NBA, MLB, and college football, with prices ...

According to TheBlock, Underdog has partnered with Crypto.com's Derivatives North America to launch a sports prediction market in 16 states, prioritizing those where sports betting is not yet legal, such as California and Texas. Fans will be able to trade on the outcomes of major leagues like NFL, NBA, MLB, and college football, with prices updating in real-time. However, the U.S. Commodity Futures Trading Commission and federal courts are still debating whether sports prediction markets constitute gambling, infringe on state rights, or violate the Gambling Regulation Act.

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