Crypto.com teams up with Underdog to launch sports forecasting market in the United States

Odaily Planet Daily News Underdog has entered into a partnership with Derivatives North America, a subsidiary of Crypto.com, to launch sports forecasting markets in 16 states, which will prioritize launches in states where sports betting has not yet been legally adopted, such as California and Texas. After the launch, fans will be able to trade sports results in major leagues such as NFL, NBA, MLB and college football, with prices updated in real time. However, the U.S. Commodity Futures Trading Commission and federal courts are still discussing whether the sports forecasting market is gambling, whether it infringes state rights or violates the Gambling Regulatory Act. (TheBlock)