Underdog Prediction Markets April 2026 

What Are Underdog Prediction Markets?

With Underdog prediction markets, you buy and sell contracts for various sporting events. These contracts simply allow users to predict a "yes" or "no" outcome on a certain event. For example, a user can buy a "yes" or "no" contract on a team to win an upcoming game.

Other types of outcomes that can be predicted with this new feature include player statistics and a team's total wins. Underdog prediction markets can be accessed directly in the Underdog app. That means you can check out prediction markets and fantasy games in one application.

How Underdog Team Picks Work

Underdog prediction markets let you predict the outcomes of different games with the Team Picks feature. In addition to picking which team will win a game, you can also predict if the point total for the game will be higher or lower than a given number or the margin of victory for a game. For example, if the Denver Broncos are playing the Kansas City Chiefs, you can predict "Denver Broncos to win," "Denver Broncos to cover +3.5," and "Higher than 45.5 points." Once you've made a selection, you just need to decide how much money you'd like to place on your entry.

Player Picks and Totals

In addition to Team Picks, Underdog prediction markets offer Player Picks. These types of predictions allow you to trade contracts on individual player performances. Some of the most common contracts include how many touchdowns a player will score or how many yards a player will gain in a football matchup. For example, you can trade contracts on whether a quarterback will score higher or lower than a given amount of passing yards.

Underdog Pivots From Crypto.com Partnership to Self-Sustaining Prediction Markets Model

While Underdog initially entered the prediction market space through a strategic partnership with Crypto.com, the company has since transitioned toward a self-sustaining model. Under the original agreement, Underdog leveraged Crypto.com’s established technology to offer sports contracts, becoming a unique "all-in-one" platform for fantasy sports, traditional wagering, and prediction markets. This collaboration allowed Underdog to capitalize on the rising demand for exchange-based trading by using Crypto.com’s existing infrastructure to power its prediction markets feature.

To internalize these capabilities and move beyond a third-party reliance, Underdog recently acquired the Aristotle Exchange. This acquisition marked a significant pivot, enabling the operator to deliver and manage prediction markets entirely in-house. By owning the exchange technology, Underdog can now directly host contracts on everything from NFL games to individual player statistics. This shift from a partnership-dependent model to an integrated proprietary system allows the operator to navigate varying regulations while maintaining their position as a comprehensive leader in the sports gaming industry.

How to Sign Up for Underdog Prediction Markets 

Signing up for Underdog prediction markets is simple, and you can expect a similar experience to other apps. Your first step is to download the Underdog app from the App Store (if you use an iPhone or iPad) or the Google Play Store (if you have an Android device). After that, you just need to tap Sign Up and enter your email address, plus a username and password. There is currently only a promo code for fantasy games on Underdog—a prediction promo has not yet been announced.

You'll need to be at least 18 years old in most states in order to sign up and start using Underdog prediction markets, although some states require users to be older. You also need to be located in one of the available states.

Setting Up Your Underdog Account

Fully setting up an Underdog account should take only a couple of minutes. After you enter your basic info like email address and username, you need to verify your identity by adding your physical address, date of birth, phone number, and the last four digits of your Social Security number. Once you've entered this information to verify your identity, you're able to immediately start using the app and making predictions. You're also able to link a payment method for any deposits and withdrawals in the future.

Confirming Access to Underdog Prediction Markets

After you've confirmed your identity, you'll need to verify that you're located in one of the states where Underdog prediction markets have launched in order to fully utilize the app. Like other gaming apps, Underdog utilizes geolocation, meaning you're able to fully verify your location while using the app.

Underdog prediction markets is currently available in Alabama, Alaska, Arkansas, California, D.C., Florida, Georgia, Hawaii, Idaho, Indiana, Kansas, Maine, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Texas, Utah, Virginia, Vermont, Washington, West Virginia, Wisconsin, and Wyoming.

How Underdog Prediction Markets Differ From Traditional Sports Betting

Underdog prediction markets use a peer-to-peer prediction market setup. Prediction market sites might seem similar to sports betting apps, but there are actually quite a few differences. With a traditional sportsbook, the numbers are all set by oddsmakers, and users are essentially betting against the sports betting operators. Meanwhile, prediction markets offer a peer-to-peer model, meaning you're looking to make correct predictions against other users. With prediction sites, the market itself drives the pricing of the different contracts, unlike sports betting, where any changing odds are managed by sportsbooks.

Prediction Markets Explained

Prediction markets are still a fairly new concept, but they're pretty easy to understand. Basically, users trade different contracts for future events they believe will or won't happen. These contracts are each valued at $1, and the closer to the full dollar amount a contract is, the more probable it is. So, someone buying a $0.65 contract will make 35 cents for every correct contract. These pricings are set by the market itself, as the numbers will shift if more individuals believe an outcome will happen.

The price is based on the percentage probability of the outcome, so a $0.65 contract has around a 65% chance of happening. In some ways, prediction markets are similar to stock exchanges, as both rely on market fluctuations as more trading occurs. However, unlike a stock exchange, prediction markets allow users to predict the outcomes of sporting events, such as "Will the Los Angeles Lakers win?"

Key Features of the Underdog App

You're also able to follow real-time market updates directly in the Underdog app. This lets you see how opinions on a certain market will change over time and even helps you try to get the best number available. The Underdog interface is built with users in mind, so anyone who's brand-new to prediction markets will find it easy to navigate the app.

Because Underdog Prediction markets are built directly into the Underdog app, it's simple to jump from the prediction market offerings to Daily Drafts, pick 'em games, Best Ball, and tournaments. This is especially convenient as you can toggle between different Underdog offerings without having to download specific apps. Just keep in mind that, like Underdog prediction markets, Underdog's other gaming options aren't available everywhere in the U.S.

Real-Time Market Movement

The pricing of Underdog prediction markets contracts will change consistently, as the numbers are driven by the users themselves. That means that if an outcome is looking more or less likely to happen, the pricing will begin to reflect that. This can be due to news or the overall public opinion on an event. For example, suppose the Alabama Crimson Tide quarterback suffered an injury during practice before a game against the Texas Longhorns. In that case, the pricing may shift toward "Texas to win" becoming more likely.

User Interface and Accessibility

With Underdog prediction markets directly accessible from the Underdog app, you'll find an easy-to-use interface across everything from Predict to Bestball. Many sports fans who have never tried prediction market trading will find it easy to dive in and explore all the available markets. Because all you need to do is tap your desired outcome, enter the number of contracts you'd like to purchase, and submit, it's simple to begin predicting what will happen in different football, basketball, and baseball games.

College Football and Other Sports on Underdog Prediction Markets

Sports fans trying out Underdog prediction markets have access to some of the most popular sports leagues. College football is one of the top sports for prediction markets, which makes sense given the massive popularity of teams and the expanding postseason structure.

In addition to NCAAF, Underdog prediction markets offer contracts in the NFL, MLB, and NBA. Basic team outcomes are popular with the app, as it's simple to predict the winner of a game or how many points will be scored. However, it's also possible to trade contracts on individual player performances, such as points or touchdowns, as well as how many games a team will win throughout a season.

NFL and College Football Prediction Contracts

Football predictions are live on Underdog prediction markets, with both pro football and college football currently available. Predictions on individual games are available for anyone looking to trade contracts on the winner of a game and the total points scored. However, it's also possible to trade future outcomes, such as how many games Georgia will win or if Seattle will make it to the playoffs.

Basketball and Baseball Picks

Outside of football, Underdog prediction markets allow NBA and MLB fans to trade various contracts. This allows for predictions throughout the pro baseball and basketball seasons, as well as for contracts on future outcomes such as wins and championships. It will be interesting to see if the platform incorporates college basketball and college baseball in the future.

Benefits of Using Underdog Prediction Markets

One of the most important distinctions between Underdog prediction markets and other apps is the fact that its platform is focused predominantly on sports predictions. Competing apps might offer some sports markets but also allow predictions on politics, entertainment, and economics. Underdog also offers a much broader range of sports predictions than other sites, letting users trade contracts on player performance and how many games a team will win.

Why Sports Fans Love Team Picks

Team Picks allow Underdog users to predict a wide range of sporting outcomes in a peer-to-peer fashion. This means they'll be competing against other Underdog users with pricing based on the market itself. This is much different than traditional sports betting operators, where users bet against odds set by the sportsbooks, who are in total control of any fluctuating numbers.

Responsible Trading and Security on Underdog Prediction Markets

Underdog puts responsible trading to the forefront, with access to numerous resources available directly through the app and website. These include both national and state-specific hotlines and websites for resources.  In any situation where you're risking real money, it's vital to set personal limits. In addition to responsible trading, Underdog prioritizes account security, incorporating account verification and encryption to ensure safe use.

Verifying Your Identity and Account Security

To start using Underdog prediction markets, you need to verify your phone number and enter the last four digits of your social security number to fully confirm your identity. This is not just to ensure compliance with regulatory bodies, but also to protect users from potential fraudulent use.

Final Thoughts on the Underdog Prediction Markets 

Underdog prediction markets should be excellent for anyone looking to try out prediction markets for the first time. Entering the fantasy promo code (which is currently for fantasy play only) itself is a simple part of the signup process, which only takes a few steps. That means it won't take long before you're all signed up and can start making various sports predictions DFS entries.

After signing up, users can check out Underdog's unique prediction system, which delves deeper into sports than other prediction apps. In addition to simple predictions on which team will win an upcoming game, Underdog prediction markets offer markets on win totals, player stats, championships, and more.

With its peer-to-peer design, Underdog prediction markets let the market determine the prices of its contracts, offering a unique way to interact with different sports leagues and individual games. With more details about the Underdog Prediction Markets Promo Code coming soon, make sure to keep an eye on this page for the latest information about this signup bonus.