Crypto.com has announced a groundbreaking partnership with Underdog to launch sports prediction markets across 16 U.S. states. This initiative marks the first collaboration of its kind between a leading crypto platform and an online sports gaming operator, bridging the rapidly growing sports betting sector with the expanding world of cryptocurrency.

Through the Crypto.com app and website, users can now trade contracts tied to the outcomes of major sporting events, including the NFL, NBA, MLB, NHL, international soccer, and more. Unlike traditional sports betting, these markets allow participants to buy and sell event contracts, speculating on results like who will win the Super Bowl or the NBA Finals. The contracts are available in two main types: championship contracts, which settle at $100 or $0, and game winner contracts, settling at $10 or $0, offering flexibility for a range of budgets.

The platform is fully regulated as a CFTC-registered exchange, making it accessible nationwide. Users can fund their accounts with either USD or cryptocurrency, and once the outcome of an event is determined, payouts are processed in USD within a business day. Crypto.com’s innovative approach includes transparent odds, intuitive contract trading, and the unique ability to exit positions prior to an event’s conclusion, allowing traders to potentially realize profits before the game is played.

This collaboration highlights how the integration of blockchain technology is reshaping traditional sports betting, offering new ways for fans and speculators to engage with their favorite games and teams. With sports betting continuing to boom across the United States, the introduction of regulated, crypto-powered prediction markets signals a significant evolution in both the gaming and financial technology industries.