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Sports Gambling Is Illegal in Minnesota. But This Legal Option Looks Awfully Similar.
The partnership offers a federally regulated platform for trading sports event contracts in 16 states, targeting areas where traditional sports betting remains illegal, with NFL, NBA, and college football included.
- On September 3, 2025, Underdog announced a collaboration with Crypto.com to provide access to sports event contracts through its app in 16 states, primarily targeting regions where legal sports betting has yet to be established.
- The partnership emerged as Underdog, a 2020-founded sports gaming operator, sought to expand offerings amidst a market where legal betting generated about $16 billion in 2024.
- Crypto.com Derivatives North America, a CFTC-registered affiliate of Crypto.com, will provide federally regulated sports event contracts integrated with Underdog’s technology.
- Travis McGhee of Crypto.com emphasized that their platform was a pioneer in introducing contracts based on sports events, with real-time trading available for major leagues such as the NFL and NBA.
- This deal makes Underdog the only U.S. platform offering daily fantasy sports, sportsbook betting, and prediction markets together, signaling growth in regulated sports event contracts.
27 Articles
27 Articles
Pioneer Press
Sports gambling is illegal in Minnesota. But this legal option looks awfully similar.
Minnesotans can now open their phones, log onto an app and put down money on a prediction that the Vikings will beat the Bears on Monday Night Football for personal profit. No, sports betting is still not legal in the Minnesota. But sports event contracts are, and Underdog began offering single-game prediction markets in 16 states on Tuesday, including here and Wisconsin. Numerous other prediction markets such as Kalshi and Robinhood already off…
Crypto.com bets big on sports prediction markets
Legal sports betting is still not offered in California or Texas, the country’s two most populous states—and in Florida, the third most-populous, it’s largely controlled by the Seminole Tribe. But a new venture from Crypto.com and fantasy-sports provider Underdog could open new doors for fans. The companies announced Tuesday they are teaming up to launch a sports prediction market in 16 states. Fans will be able to buy and sell outcomes of sport…
Underdog, Crypto.com launch first CFTC-approved sports prediction markets - Tech Startups
Sports prediction markets are moving into the mainstream. Underdog, a fast-growing sports gaming startup in the U.S., has partnered with Crypto.com Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse, to bring federally regulated sports event contracts to its app. […] The post Underdog, Crypto.com launch first CFTC-approved sports prediction markets first appeared on Tech Startups.
Underdog and Crypto.com Partner for U.S. Sports Prediction Market
The post Underdog and Crypto.com Partner for U.S. Sports Prediction Market appeared on BitcoinEthereumNews.com. Key Points: Underdog partners with Crypto.com for sports prediction in 16 U.S. states. Launch fuels debate on gambling vs. financial contracts. Regulatory scrutiny from CFTC and federal courts continues. Underdog partners with Crypto.com Derivatives North America to introduce a sports prediction market in 16 U.S. states, including thos…
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