Underdog News & Prediction Market Coverage
Track the latest Underdog news across prediction markets. Prediction News is following 17 active Underdog stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
World Cup drives billions in bets across Kalshi and Polymarket
TradingUnderdog launches standalone prediction market exchange UDX
DealsUnderdog launches UDX exchange with self-certified sports contracts
DealsKalshi hires former Underdog exec Dillon Borgida to lead private client sales
DealsCrypto.com prediction markets chief Chris Fargis exits after a year
LegalFailed CFTC chair nominee Quintenz joins prediction market group CPM
Deals365Prediction applies for CFTC exchange and clearing licenses to enter sports prediction markets
DealsUnderdog partners with Crypto.com for sports prediction markets in 16 states
DealsPolymarket-backed Polysights raises $1.5M for insider-trading detection tools
LegalRush Street Interactive files CFTC application to launch prediction market exchange
LegalNew Jersey SB 4447 would force prediction markets into sports betting licensing
DealsDraftKings files six CFTC event contracts for DKeX prediction market exchange
GlobalMatchbook launched UK prediction market in January ahead of US plans
DealsGalaxy Digital opens $10M OTC prediction markets desk with Arca
LegalKalshi, Coinbase, Robinhood, Crypto.com and Underdog form Coalition for Prediction Markets amid state lawsuits
OpinionFanDuel Predicts launches prediction markets, prices NFL schedule before league reveal
DealsUnderdog hires ex-Crypto.com event contracts chief Lundgren as CEO
Frequently Asked Questions
Does Underdog offer prediction markets?
Yes, Underdog launched sports prediction markets in 16 U.S. states in late 2025 via a partnership with Crypto.com and later acquired Aristotle Exchange to offer its own event contracts.
What is Underdog's partnership with Crypto.com?
Underdog partnered with Crypto.com Derivatives (a CFTC-registered entity) to integrate sports prediction markets into its app, marking one of the first integrations of federally compliant event contracts by a major fantasy/sports gaming operator.
Is Underdog part of the Coalition for Prediction Markets?
Yes, Underdog is a founding member of the Coalition for Prediction Markets, formed in December 2025 with Kalshi, Crypto.com, Coinbase, and Robinhood to advocate for federal CFTC oversight.
What states is Underdog available in for prediction markets?
Underdog's prediction markets launched in 16 states focused on areas where traditional sports betting is banned or restricted.
Has Underdog acquired a prediction market exchange?
Yes, in March 2026 Underdog acquired Aristotle Exchange, a designated contract market, to gain the ability to list and settle its own event contracts independently.