The fictional games and sports operator cooperated with Crypto.com to bring in sports markets to 16 states.
The first focus is on regions in the United States where legal sports betting has not been adopted. the Partnership between Underdog and Crypto.com It highlights the increasing interest in the sports prediction markets, with the KALSHI prediction giant More and more sports markets and High pressure on CFTC To organize the sector.
Enderdog is the first sports platform to enter the rapidly growing prediction market. It provides traders with a platform for buying and selling on the results of sporting events, with changing possibilities according to market movements. It is important, there is no bookmaker to set the possibilities.
“The prediction markets are one of the most exciting developments that we have seen for a long time,” said Jeremy Levin’s CEO and CEO, Jeremy Levin, in a general statement. “Although it is still new and developed, there is one clear thing: the future of the prediction markets will be around, and no one will do sport better than the weak.”
Underdog and Crypto.com enter the prosperous sporting market sector
Indeed, Robinhood, KALSHI and Polymarkets operators offer sports events market Partner with the CME group To submit financial events contracts. Jason Robbins, CEO of Draftks CNBC There is an interest in entering the sector as well.
It seems that the temptation of these companies stems from the ability to meet the needs of sports betting in the states where games organizers and tribal requests return to legal sports betting. For example, California And Tixas does not allow sports betting, however it can participate in the sporting prediction markets – at the present time.
There is an increasing pressure on CFTC to determine whether the prediction markets are a bet. As, the prediction market operators seek to obtain a foothold while they are still able to do so, before any possible list.
Distinctive image: Crypto.com
Pamphlet Crypto.com Partners with a submission to the raising of sporting predictions to 16 states First appear on reading.
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