Underdog, Crypto.com Start Sports Prediction Market for NFL, NBA

Underdog and Crypto.com are launching a service that will let fans make bets on sports outcomes via a prediction market.

The market will be available on Underdog’s app and will let US users buy and sell contracts based on outcomes in sports leagues including the National Football League, college football, the National Basketball Association and Major League Baseball, the companies said in a statement on Tuesday.

Prediction markets, which let users bet on outcomes of anything from Taylor Swift’s engagement to which diseases might start spreading this year, are catching on in sports betting.

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