Crypto.com To Offer Sports Prediction Market
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Crypto.com is partnering with Underdog to launch sports prediction markets in 16 U.S. states, focusing on areas without legalized sports betting. This initiative allows investors to buy and sell contracts on sporting event outcomes without a bookmaker. Other platforms like Robinhood and Polymarket are also entering this space. Despite many states legalizing sports betting, California and Texas remain exceptions. The popularity of online sports betting is surging, with Americans expected to wager a record $30 billion on the NFL this season.
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