Crypto.com Co-Launches Compliant Sports Prediction Market

￰0￱ Derivatives North America (CDNA), a licensed trading exchange, has joined hands with Underdog, a fast-growing fantasy sports and gaming company. Together, they aim to bring a new and legal way for fans across 16 ￰1￱ to take part in sports prediction and betting The Underdog Sports Prediction Market As announced , this initiative makes Underdog the first sports gaming operator to offer a prediction market that works under federal ￰2￱ goal is to give millions of fans a legal way to take part in their favorite games through the Underdog ￰3￱ the app, fans will be able to trade on the outcomes of games from major leagues such as football, basketball, baseball, and college ￰4￱ prices will change in real time, allowing users to adjust their choices as the game ￰5￱ system works more like a market than a traditional ￰6￱ odds are shaped by supply and demand, not by a ￰7￱ can enter at any time, react to key moments, and share their views through live ￰8￱ Exploring New Market Underdog already has a strong base of users who enjoy fantasy sports, while ￰9￱ brings the tools and regulations needed for federal compliance.

Together, they are creating a product that mixes sports, finance, and blockchain technology in one ￰10￱ fans in states like California and Texas, this could be their first legal way to take part in live sports ￰11￱ being a licensed trading platform, ￰12￱ is also well-connected to the sports ￰13￱ company has grown its presence through big sponsorships and ￰14￱ 2024, it signed a multi-year deal with the UEFA Champions League , becoming the official sponsor of Europe’s top club football ￰15￱ Prediction Markets Grow Amid Regulatory Questions Sports prediction markets are not entirely new, but they are gaining ￰16￱ platforms like Polymarket, Kalshi, and Robinhood are also looking into prediction markets, but most of them don’t focus only on ￰17￱ makes Underdog different is that it is building its brand around sports ￰18￱ linking its fantasy sports community with a real-time trading system, Underdog is aiming to expand faster and bring more attention to this new kind of ￰19￱ its potential, rules around sport prediction markets are still not fully ￰20￱ Commodity Futures Trading Commission (CFTC) and ￰21￱ are still debating whether these markets count as gambling or as financial ￰22￱ this year, a court pushed back against attempts to block similar platforms, showing how complex the issue ￰23￱ working with a federally registered exchange, Underdog and ￰24￱ are positioning themselves ahead of these ￰25￱ approach could set a model for how other firms enter the space.