The post Underdog and Crypto.com Partner for U.S. Sports Prediction Market appeared on BitcoinEthereumNews.com.

Key Points: Underdog partners with Crypto.com for sports prediction in 16 U.S. states. Launch fuels debate on gambling vs. financial contracts. Regulatory scrutiny from CFTC and federal courts continues. Underdog partners with Crypto.com Derivatives North America to introduce a sports prediction market in 16 U.S. states, including those without legal sports betting like California and Texas. The partnership faces regulatory scrutiny from the Commodity Futures Trading Commission, potentially redefining sports prediction markets under U.S. law. Underdog and Crypto.com Partner for U.S. Sports Prediction Market Underdog and Crypto.com have revealed their collaboration to introduce a regulated sports prediction market spanning 16 U.S. states, with a keen focus on locations where sports betting remains banned, such as California and Texas. This innovative move by Underdog, guided by CEO Jeremy Levine, brings fans an exciting opportunity to engage in real-time sports trading for leagues like the NFL and NBA. The introduction of sports prediction markets by entities like Underdog could significantly alter the financial landscape. Consequently, regulators may pursue novel frameworks to differentiate them from traditional gambling. Prediction markets are one of the most exciting developments we’ve seen in a long time. While still new and evolving, one thing is clear – the future of prediction markets is going to be about sports – and no one does sports better than Underdog. Regulatory Concerns and Market Trends Did you know? Under current U.S. regulatory conditions, various states uphold a distinct separation between sports betting and prediction markets, often relying on specific criteria for classification. According to CoinMarketCap data, Cronos (CRO) has a current market price of $0.26 and a market cap of $8.80 billion. Despite a 4.95% drop over the past 24 hours, it’s up 28.83% for the week, and a staggering 96.62% over 30 days. Observations highlight a steady growth trajectory, with…

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Filed under: News - @ September 2, 2025 6:30 pm