Underdog has launched its own federally licensed prediction market exchange, bringing trading in sports, culture, and other event contracts onto infrastructure owned and operated by the company.
The exchange, licensed by the U.S. Commodity Futures Trading Commission (CFTC), is integrated into the existing Underdog app and allows customers to trade prediction markets directly through the platform.
This move enhances the user experience by providing a seamless way to engage in prediction market trading within the Underdog ecosystem.