Underdog News & Prediction Market Coverage
Track the latest Underdog news across prediction markets. Prediction News is following 28 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
Underdog drops fantasy sports in seven states to preserve prediction market platform
TradingNovig posts $125 million in first-week sports prediction market volume
TradingRotowire forecasts Kalshi and Polymarket NFL volume will double for season open
TradingNovig and Underdog grab 35.5% and 48.3% combo shares in EKG prediction market data
LegalNew Jersey asks Supreme Court to settle Kalshi sports-contracts fight
DealsOnyx Odds raises $20M Series A led by Payward to build prediction market product
LegalCME and Kalshi executives clash at CFTC as New York seeks $36B in damages
TradingPolymarket US Combos hit 20% share in first week as multi-leg contracts surge
OpinionKalshi and Polymarket push into drug and TV betting amid insider-trading and tax warnings
LegalAristotle exchange companies sue Underdog and CEO over acquisition deal
DealsIG Group to acquire Underdog for up to $1.3 billion
DealsNovig hires Underdog's Warrington to lead external affairs
LegalPrediction market arbitrage gaps hit 12 live opportunities across Robinhood, Kalshi, and Polymarket
DealsFanatics acquires BGC exchange and clearinghouse, will partner on prediction markets
TradingWorld Cup drives record prediction market volumes as Congress weighs bans
TradingUnderdog launches standalone prediction market exchange UDX
DealsUnderdog launches UDX, its own CFTC-regulated exchange for 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
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.