Underdog taps zerohash to bring crypto deposits to prediction markets
The new funding option, expected to launch later this year, will allow eligible Underdog users to deposit digital assets around the clock.
Prediction market platform Underdog is set to introduce cryptocurrency and stablecoin deposits through a partnership with crypto infrastructure provider zerohash. The new feature, expected to launch later this year, will enable eligible Underdog users to fund their accounts 24/7 directly through the app using various digital assets.
The service aims to facilitate near-instant transfers without requiring users to manage wallet addresses or select blockchain networks. While Underdog has not disclosed the specific cryptocurrencies or stablecoins that will be supported, the new funding option will complement existing payment methods such as debit and credit cards, Apple Pay, and bank transfers.
Underdog, founded in 2020, boasts over 11 million registered accounts, with trading volume reaching $1.4 billion in the 30 days ending Oct. 21, a 133% increase from the previous period. The company is currently in talks to be acquired by IG Group in a deal worth up to $1.3 billion, with the transaction expected to close in late 2026 or early 2027.
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