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Underdog is partnering with Crypto.com’s U.S. derivatives arm, Crypto.com Derivatives North America (CDNA), to add market-style trading to its app. CDNA will create and manage the contracts and handle clearing under U.S. commodities rules, while Underdog delivers the interface and all the behind-the-scenes tech.

At rollout, users will see prices move in real time across the NFL, NBA, MLB, and college football, so they can act as the action changes. Everything happens within the existing Underdog experience, no extra tabs or separate accounts required.

How it will work

Think of it as a split job: CDNA lists and clears the event contracts, and Underdog wraps those markets in a familiar app flow that sports fans already use. That setup keeps the trading mechanics on a registered venue and the day-to-day experience in the app people open on game day.

Prices update continuously, reflecting new information on the field or court. The goal is to let fans express a view on outcomes before and during games without jumping between different platforms.

Why this partnership matters

Underdog is positioning the product as a single place to do three things: play fantasy, place traditional bets (where available), and trade outcome contracts. Housing those options together could blur the lines between picking lineups, making a wager, and taking a market position within one app.

For Crypto.com, the collaboration brings CDNA’s event contracts to a large, sports-first audience. For Underdog, it’s a new way to engage users who want more than fantasy or straight bets, offering a market they can trade as games unfold.

Source: https://crypto.com/en/company-news/underdog-crypto-com