Underdog and Crypto.com Give Millions of Customers a Legal and Engaging Way to Predict Outcomes of Their Favorite Games – All in One App
BROOKLYN, N.Y.--(BUSINESS WIRE)--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.
“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.”
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.
“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.
Contacts
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For Crypto.com business inquiries: predictions@crypto.com