Crypto.com and Underdog partner to offer sports prediction markets
Crypto.com logo displayed on a phone screen with representation of cryptocurrencies.
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Fantasy and sports gaming operator Underdog is partnering with Crypto.com to offer sports prediction markets in 16 states, mostly focused on where legal sports betting has not been adopted, the companies told CNBC on Tuesday.
Underdog is the first sports gaming platform to enter the new and rapidly expanding prediction market industry, which is a modern chimera of financial trading and sports betting: Traders buy and sell the outcome of sporting events, but the odds change according to market movements, and there’s no bookmaker.
Robinhood, Kalshi and Polymarket already offer sports events contracts.
FanDuel, owned by
