Prediction market operator Underdog plans to add cryptocurrency and stablecoin deposits later this year through a partnership with crypto infrastructure provider zerohash, according to Cointelegraph. Eligible users will be able to fund their accounts directly inside the Underdog app with supported digital assets, with transfers described as available around the clock and near-instant. The company has not yet disclosed which cryptocurrencies or stablecoins will be supported.
The new funding option will sit alongside existing payment methods including debit cards, credit cards, Apple Pay and bank transfers. Underdog said users will not need to manage wallet addresses or choose blockchain networks when using the service. Founded in 2020, the company has more than 11 million registered accounts. IG Group has agreed to acquire Underdog in a deal worth up to $1.3 billion, with closing expected in late 2026 or early 2027. In the 30 days ending Oct. 21, Underdog recorded $1.4 billion in trading volume, up 133% from the previous period.
Prediction market operator Underdog has partnered with crypto infrastructure provider zerohash and plans to support cryptocurrency and stablecoin deposits later this year, according to Cointelegraph.
Eligible users will be able to deposit supported digital assets directly through the Underdog app. The service will offer around-the-clock, near-instant transfers. Underdog has not disclosed which cryptocurrencies or stablecoins it will support.
The new deposit rail will be added to existing payment options including debit cards, credit cards, Apple Pay and bank transfers. Users will not need to manage wallet addresses or select a blockchain network.
Underdog was founded in 2020 and now has more than 11 million registered accounts. IG Group has agreed 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.
In the 30 days through Oct. 21, Underdog posted $1.4 billion in trading volume, up 133% from the prior period.
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