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Underdog Launches U.S. Sports Prediction Market with Crypto.com

9/3/2025

40 9 Full Breakdown

Summary

Story summary

Underdog has partnered with Crypto.com to launch regulated sports prediction markets in the U.S.
This initiative makes Underdog the first licensed U.S. gaming firm to offer these markets.
The partnership addresses legal complexities in sports betting and targets a growing market.
Analysts estimate the sports prediction market could generate $555 million in revenue this year.

History

Historical Context

The U.S. Supreme Court's 2018 ruling in Murphy v. NCAA invalidated the Professional and Amateur Sports Protection Act, allowing states to legalize sports betting. By 2020, legal sports betting generated $3.2 billion in revenue, reflecting a significant shift in the gaming landscape. This evolving framework has led to partnerships like Underdog's with Crypto.com, indicating a promising future for regulated sports prediction markets.

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Story summary

Underdog has partnered with Crypto.com to launch regulated sports prediction markets in the U.S.
This initiative makes Underdog the first licensed U.S. gaming firm to offer these markets.
The partnership addresses legal complexities in sports betting and targets a growing market.
Analysts estimate the sports prediction market could generate $555 million in revenue this year.

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