Underdog has partnered with Crypto.com to launch a regulated sports prediction market across 16 U.S. states. This move, focusing on locations where sports betting is restricted, like California and Texas, marks a significant shift in the financial landscape. The partnership’s implications for traditional gambling and its potential impact on regulatory frameworks are being closely analyzed. Experts anticipate novel regulations to differentiate these markets from traditional gambling. 16 U.S. states will now offer real-time sports trading through this market. This move by Underdog, led by CEO Jeremy Levine, signifies the increasing influence of prediction markets in the world of sports, with their potential to reshape the industry.