{"id":9563,"date":"2025-09-02T16:23:01","date_gmt":"2025-09-02T16:23:01","guid":{"rendered":"https:\/\/bitunikey.com\/news\/crypto-com-and-underdog-launch-first-regulated-sports-prediction-market\/"},"modified":"2025-09-02T16:23:07","modified_gmt":"2025-09-02T16:23:07","slug":"crypto-com-and-underdog-launch-first-regulated-sports-prediction-market","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/crypto-com-and-underdog-launch-first-regulated-sports-prediction-market\/","title":{"rendered":"Crypto.com and Underdog launch first regulated sports prediction market"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Sports betting company Underdog has partnered with Crypto.com to offer sports event contracts.<\/p>\n<div id=\"cn-block-summary-block_5565397c2cc0cf1946b8b36d5afb1a2d\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Crypto.com and Underdog partner to take on the sports prediction market<\/li>\n<li>The new offering, accessible through Underdog, will be CFTC-regulated<\/li>\n<li>So far, Polymarket was the biggest name in prediction betting<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Prediction markets are going mainstream. On Tuesday, Sept. 2, Underdog and Crypto.com Derivatives North America <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/crypto.com\/hr\/company-news\/underdog-crypto-com\" target=\"_blank\">announced<\/a> the launch of a regulated sports prediction offering. The partnership will make Crypto.com\u2019s CDNA sports event contracts available on Underdog\u2019s platform.<\/p>\n<p>According to Underdog, whose technology is behind the contracts, this will offer Americans a regulated and secure way to bet on sports outcomes. At launch, the offering includes betting on outcomes in major sports leagues, including the NFL, NBA, and college football.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe are thrilled to partner with Underdog to enhance the sports experience for customers nationwide with the ability to now trade using Underdog\u2019s technology \u2013 all in one app,\u201d said Travis McGhee, Managing Director, Global Head of Capital Markets at Crypto.com. \u201cWe were the first to offer sports events contracts, and our technology partnership with Underdog will provide more access to CDNA\u2019s innovative offerings.\u201d <\/p>\n<\/blockquote>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Prediction markets are on the rise<\/h2>\n<p>Prediction markets, which enable users to bet on a wide variety of outcomes, are becoming increasingly popular. Although historically dominated by Polymarket, Underdog is not the only entrant in this field. Notably, on Aug. 27, The Clearing Company <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/tonigemayel\/status\/1960727155463348617\">raised<\/a> million in a seed round to build a regulated and permissionless prediction market. Investors included Union Square Ventures, Coinbase Ventures, Compound, and more.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cPrediction markets are one of the most exciting developments we\u2019ve seen in a long time,\u201d said Underdog founder and CEO, Jeremy Levine. \u201cWhile still new and evolving, one thing is clear \u2013 the future of prediction markets is going to be about sports \u2013 and no one does sports better than Underdog.\u201d <\/p>\n<\/blockquote>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sports betting company Underdog has partnered with Crypto.com to offer sports event contracts. Summary Crypto.com and Underdog partner to take on the sports prediction market The new offering, accessible through&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=9563"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9563\/revisions"}],"predecessor-version":[{"id":9565,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9563\/revisions\/9565"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9564"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=9563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=9563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=9563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}