Prediction market operator Underdog has partnered with crypto infrastructure provider zerohash to roll out cryptocurrency and stablecoin deposits later this year. The feature will let eligible users fund their accounts directly inside the Underdog app using supported digital assets, with transfers designed to be available 24/7 and settle near instantly. Underdog did not say which cryptocurrencies or stablecoins will be supported, and it had not responded to Cointelegraph’s request for clarification before publication. The new option will sit alongside existing payment methods including debit cards, credit cards, Apple Pay and bank transfers. Users also will not need to manage wallet addresses or choose blockchain networks when making deposits. According to IG Group, which agreed in July to acquire Underdog in a deal worth up to $1.3 billion, the company was founded in 2020 and has more than 11 million registered accounts. DeFiRate data shows Underdog posted $1.4 billion in trading volume in the 30 days ending Oct. 21, up 133% from the prior period, though still behind Kalshi and Polymarket.
Prediction market operator Underdog has partnered with crypto infrastructure provider zerohash to introduce cryptocurrency and stablecoin deposits, with the new funding option expected to go live later this year.
In-app deposits planned for eligible users
According to a Thursday announcement, eligible users will be able to fund their accounts directly through the Underdog app using supported digital assets. The service is designed to allow near-instant transfers on a 24/7 basis.
Underdog did not specify which cryptocurrencies or stablecoins will be supported. The company also did not respond to Cointelegraph’s request for clarification before publication.
New rail will sit alongside existing payment methods
The crypto funding option will supplement Underdog’s current deposit methods, which include debit and credit cards, Apple Pay and bank transfers.
Users will not need to manage wallet addresses or select blockchain networks when making deposits through the new service.
Company profile and recent trading volume
According to IG Group, Underdog was founded in 2020 and has more than 11 million registered accounts. In July, IG Group agreed to acquire the company in a deal worth up to $1.3 billion. The transaction is expected to close in late 2026 or early 2027.
Data from DeFiRate shows Underdog recorded $1.4 billion in trading volume over the 30 days ending Oct. 21, up 133% from the previous period. Even so, that remained well below Kalshi’s $81.5 billion and the combined $17.2 billion posted by Polymarket’s US and international platforms.
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