Underdog Predict Expands Market Offerings with Event Contracts

Underdog Predict is an online platform that offers event contracts for various markets, including sports, culture, politics, economy, and crypto. The site uses a yes-or-no format for its prediction markets, where prices are determined by market sentiment and imply the probability of an outcome occurring.

The platform's trading mechanism works as follows: contract trades are powered by Crypto.com and Kalshi, two major US exchanges overseen by the Commodity Futures Trading Commission (CFTC). Each contract features a yes-or-no outcome, with prices determined by market sentiment. For instance, in the World Cup Winner 2026 market, if the 'yes' outcome for Spain is priced at $0.58, then the implied probability of that outcome occurring is 58%. The platform resolves once the event outcome is determined according to the resolution source specified in the contract rules.

Underdog Predict offers several categories for trading event contracts, including sports, culture, politics, economy, and crypto. In the sports category, users can trade game-level outcomes, spreads, game winners, and totals, as well as Futures markets that allow them to trade event contracts tied to long-term outcomes instead of a single game.