Crypto.com and Underdog partner to offer sports prediction markets
1. Underdog partners with Crypto.com to launch sports prediction markets in 16 states. 2. Estimated sports prediction market could generate $555 million this year. 3. Legal online sports betting generated about $16 billion in 2024. 4. High potential for revenues in states with limited legal sports betting. 5. Regulatory uncertainties impact the future of sports prediction markets.