Prediction market operator Underdog has partnered with crypto infrastructure provider zerohash and plans to add cryptocurrency and stablecoin deposits later this year, according to ChainCatcher. Eligible users will be able to deposit supported digital assets directly through the Underdog app, with the service offering near-instant transfers on a 24/7 basis. The company has not yet disclosed which cryptocurrencies or stablecoins will be supported.
The new funding rail will sit alongside Underdog’s existing payment options, which include debit cards, credit cards, Apple Pay, and bank transfers. Users will not need to manage wallet addresses or choose a blockchain network. Underdog was founded in 2020 and says it has more than 11 million registered accounts. IG Group has agreed to acquire the company for up to $1.3 billion, with the deal expected to close in late 2026 or early 2027. In the 30 days through 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 ChainCatcher.
Eligible users will be able to deposit supported digital assets directly through the Underdog app. The service is set to offer near-instant transfers around the clock. Underdog has not disclosed which cryptocurrencies or stablecoins it will support.
The new deposit option will add to the platform’s existing payment methods, including debit cards, credit cards, Apple Pay, and bank transfers. Users will not need to manage wallet addresses or select a blockchain network.
Founded in 2020, Underdog now has more than 11 million registered accounts. IG Group has agreed to acquire the company for 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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