According to ChainCatcher, Underdog has partnered with Derivatives North America, a subsidiary of Crypto.com, to launch sports prediction markets in 16 states, prioritizing states where sports betting is not yet legal, such as California and Texas. Fans will be able to trade results for major leagues like the NFL, NBA, MLB, and college football, with prices updated in real time. However, the U.S. Commodity Futures Trading Commission and federal courts are still debating whether sports prediction markets constitute gambling, infringe on state rights, or violate the Gambling Regulation Act.
Crypto.com Partners with Underdog to launch sports prediction market in the US
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