Key facts
- Underdog will allow crypto and stablecoin deposits via Zerohash.
- The feature is expected to launch later this year.
- Users will not need to manage wallet addresses or select blockchain networks.
Prediction market operator Underdog is partnering with crypto infrastructure provider Zerohash to allow users to deposit cryptocurrencies and stablecoins. The new feature, expected to launch later this year, aims to provide near-instant, 24/7 funding directly through the Underdog app.
The partnership allows Underdog to integrate cryptocurrency deposits, potentially attracting a wider user base and increasing trading volume on its prediction markets.
Prediction market operator Underdog has partnered with crypto infrastructure provider Zerohash to introduce cryptocurrency and stablecoin deposits. The new funding option, expected to launch later this year, will allow eligible users to fund their accounts directly through the Underdog app using supported digital assets. The service is designed to enable near-instant transfers around the clock. Underdog did not specify which cryptocurrencies or stablecoins would be supported. The new funding option will supplement existing methods, including debit and credit cards, Apple Pay and bank transfers. Users will not need to manage wallet addresses or select blockchain networks when making deposits. Founded in 2020, Underdog has more than 11 million registered accounts. IG Group agreed in July to acquire the company in a deal worth up to $1.3 billion, with the transaction expected to close in late 2026 or early 2027. Underdog recorded $1.4 billion in trading volume over the 30 days ending Oct. 21, a 133% increase from the previous period.
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