Underdog Sports Prediction Markets 2026: Trade Contracts on Sports

Underdog launched its prediction markets product in September 2025. Underdog Predict offers the ability to trade event contracts in six different categories. Of those, Underdog sports predictions are the most prevalent, and are available as Team Picks or Player Picks.

We will tell you more about the differences between Team Picks and Player Picks, with some examples, a little later in this guide. But first we’ll explain how Underdog’s partnership with Crypto.com Derivatives North America (CDNA) works in practice, show you how to access Underdog Predict, and discuss the states where this product is currently available.

Behind the Scenes of Underdog Predict

Underdog is able to offer trading on event contracts thanks to its partnership with CDNA (Crypto.com Derivatives North America) which is a CFTC-regulated exchange. Within this partnership, CDNA is responsible for the contract infrastructure, while Underdog presents them as an option on its existing app. Just make sure you're in an eligible state and also meet the minimum Underdog age requirement before you decide to register and start claiming.

What Is an Event Contract?

Most event contracts start with a simple question like ’Will the New York Knicks beat the Chicago Bulls?’ with the option to select ‘Yes’ or ‘No’. Each event contract has a value of $1 (100%) and each option will have a percentage assigned, which reflects the implied probability of the outcome happening, based on market sentiment. The cost of the contract at the time you buy in is not fixed. Ahead of the event, external events, such as a key player getting injured, will mean that the probability can change, and the value of your contract will go up or down accordingly.

One thing that can be a little confusing is the maximum cap per contract, which Underdog defines as a $ amount. If the cap was set at $10, this does not mean the value of an individual contract increases, it means that you can buy a maximum of 10 $1 contracts for that event.

Disclaimer: Trading derivatives involves risk and may not be appropriate for all. For more information visit: https://www.nadex.com/rules and https://underdogfantasy.com/rules. For Crypto.com Predictions, the term "pick" refers to a product traded on CDNA.

Pros and Cons of Underdog Sports Predictions

Pros and Cons

• A different way to enjoy sports
• Available in 38 US states + DC
• Choose Team Picks or Player Picks

• Need to understand risk involved

Where Is Underdog Predict Available?

It is worth bearing in mind that prediction market platforms are very new to the US, and changes in US laws may affect the availability of Underdog Predict over time. But for now, it is available in 38 US states plus Washington DC, with the following 12 states excluded: Arizona, Colorado, Kentucky, Maryland, Massachusetts, Michigan, Mississippi, Nevada, New Jersey, Ohio, Pennsylvania, and Tennessee.

Signing Up for Underdog Predict

Underdog has opted to include prediction markets alongside its existing DFS offerings. This means you can only access Underdog Predict by downloading the brand’s official iOS or Android app. Here’s how you go about it:

1. Click on our page banner to go to the official Underdog website

2. Download the relevant iOS or Android app

3. Tap the Sign Up button

4. Enter your email address, choose a username and unique password

5. Enter your full name, DOB, address, and the last four numbers of your SSN

6. Click on the verification link in the email Underdog will send you

You will now be invited to make your first deposit of at least $10, which you can do using Visa or Mastercard, Trustly, Google Pay, or Apple Pay. Note that PayPal and Venmo deposits are accepted on Underdog generally, but currently can't be used to fund prediction market entries specifically.

The Available Prediction Markets for Underdog Predict

As we discussed in our main Underdog review, the brand offers event contracts in six different categories: sports, politics, culture, crypto, economics, climate. Of those sports is clearly the most popular option and is the focus of our guide.

Within the Underdog Predict sports categories, there are two options: Team Picks and Player Picks with event contracts available for these sports:

✅ NFL
✅ NBA
✅ NHL
✅ MLB
✅ CFB
✅ Soccer
✅ Tennis

Also, as one of the best sports prediction market apps, we weren't surprised to see that Underdog has made it clear that it intends to add more sports to the list over the coming months.

Team Picks

Team Picks are the most straightforward type of event contracts with just ‘Yes’ or ‘No’ choices. You may also see them described as ‘binary contracts’. This description reflects the fact that there are only two possible outcomes, where the payout you receive is either 100% ($1) or zero.

We will go back to our earlier example ’Will the New York Knicks beat the Chicago Bulls?’ to demonstrate.

Here, you might see ‘Yes’ 65% and ‘No’ 35% indicating that 65% of users believe the Knicks will win the match. If you agree, you can buy a ‘Yes’ contract for $0.65, but if you feel the Bulls are capable of springing a surprise then the opposing ‘No’ contract costs $0.35.

Depending on the eventual outcome of the game, your payout would be $1 if you predicted correctly. The maximum payout is always $1, the profit is in the difference between that, and the original cost of the contract.

Player Picks

Player Picks can also be described as ‘scalar contracts’ because the options extend to player-specific statistics. For our New York Knicks vs Chicago Bulls NBA example you might select Knicks Center, Karl-Anthony Towns and include some, or all, of the following statistics:

✅ Points
✅ Total Rebounds
✅ Assists
✅ Steals
✅ Blocks
✅ Turnovers

Using the Player Picks option is more for convenience than anything else, because you can add all of your selections in one place. Note that each selection is an individual $1 contract, and your payout will reflect the number of correct predictions you made.

Sign up today and start trading

Underdog sports prediction markets on mobile

Underdog Sports Prediction Markets Open the Door to New Opportunities

As you have seen by reading our guide, trading sports event contracts gives you an entirely new and different way to engage with your favorite sports. We hope that we’ve succeeded in opening your eyes to the different types of sports contracts available, but also made it clear that there are also risks involved.

That said, if you think Underdog Predict is something you’d like to try for yourself, a simple click on one of our page banners will take you straight to the official Underdog website ready to get started.

Underdog Sports Predictions FAQs