Crypto.com bets big on sports prediction markets

In partnership with fantasy-sports app Underdog, the company is bringing prediction markets to 16 states, bypassing the legal betting roadblocks in places like California and Texas.

Legal sports betting is still not offered in California or Texas, the country’s two most populous states—and in Florida, the third most-populous, it’s largely controlled by the Seminole Tribe. But a new venture from Crypto.com and fantasy-sports provider Underdog could open new doors for fans.