With Team Picks, users can trade real-time market contracts on NFL game outcomes — such as who will win or cover — with prices shifting dynamically as information and game progress unfold.
Underdog Prediction Picks Review: Is It A Good Prediction App?
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Why Use Underdog Predicts?
Pros
- Allows Underdog players to make picks on sports teams.
- Available in 16 states.
- Ideal for players interested only in sports predictions.
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Deposit Methods
Underdog, popular for its daily fantasy sports (DFS), is expanding its offerings with a new category: tradeable sports event contracts. Notably, this new category is different from fantasy and sports betting. Underdog Prediction Picks users buy or sell Yes/No contracts based on the future outcomes of sports events.
Underdog’s entry into the prediction market industry has been made possible through its partnership with Crypto.com | Derivatives North America (CDNA). CDNA provides the event contracts, while Underdog hosts them on its mobile platform.
Notably, CDNA is regulated by the Commodity Futures Trading Commission (CFTC), which enables it to operate (theoretically) across all 50 states, including those where sports betting remains illegal. (For now, Underdog Prediction Picks is live in 16 states.)
So, what exactly is the Underdog prediction market, and how does it work? Many people are also curious to learn about any possible Underdog Prediction Picks promo codes.
Here’s a comprehensive guide to answer all your questions.
Underdog Team Picks promo code & welcome bonus
Underdog doesn’t offer a dedicated sign-up bonus for its prediction market – at least not yet. While it does have bonuses for its fantasy and sports picking segments, the offer doesn’t apply to prediction markets.
Notably, I want to highlight that you may not even see the words “predict” or “prediction” in Underdog’s version of prediction markets. In the state where it’s rolled out, Underdog has termed the category “Team Picks.” You see the percentages of yes/no contracts, a la most other prediction markets, but on team spreads.
To this end, it is prudent to be cautious of any unofficial sites claiming to offer Underdog prediction market promo codes. Ideally, you should confirm with the official Underdog platform before rushing to unofficial sites. Overall, you can be sure that PlayUSA will update this guide if Underdog adds a verified bonus or promo code for prediction markets at any time in the future.
What is Underdog’s prediction market exchange?
Underdog’s prediction market is officially branded Underdog Predict or Team Picks, and you can access it directly from the mobile platform. It is a platform where users can buy and sell sports event contracts. Sports events are various outcomes that may happen during a sports match, such as:
- Will Team X win against Team Y?
- Will Player Q score 20+ points in the upcoming match?
- Will Team Y make the playoffs?
The contracts are your opinions on the expected outcome: Yes or No. To this end, you don’t place a bet, but rather buy or sell a contract. Moreover, the odds and prices for various event contracts aren’t fixed, as is the case with traditional sportsbook betting markets.
Interestingly, the various types of event contracts available are just the usual betting options converted into a market-driven format. They include:
- Moneyline
- Futues
- Point spreads
- Total points
- Player props
Still, this is not your usual betting site. In contrast, it is like an exchange – it is powered by Crypto.com | Derivatives North America (CDNA), which provides the markets and powers the mechanics behind the scenes. However, the markets are hosted on Underdog’s proprietary mobile app. Notably, Underdog is the first platform to offer fantasy sports, sports betting, and prediction markets on one app.
How does Underdog’s sports prediction market work?
There’s some confusion between prediction markets and sportsbooks, especially among ordinary sports bettors. However, while sports markets may appear similar, the mechanics behind how prediction markets work are different. Here’s a look at how the Underdog prediction market works:
What is an event contract?
Underdog’s prediction market sells event contracts. Event contracts are styled as simple questions with Yes/No choices, whereby the event is a potential outcome in a sports match, and the contract is your Yes/No prediction. For example, “Will the Rams win Super Bowl 2026?” You then pick Yes or No, depending on how you think the team will perform.
A contract trades for between $0.01 and $0.99. Notably, the prices reflect the odds. As such, if a certain outcome is priced at $0.75, then it means that the odds (probability) of it happening are 75%.
Real-time price movement
The prices of event contracts (and the odds) keep changing depending on the market activity – they aren’t fixed like is the case with sportsbooks. Various factors can cause the prices to shift, such as breaking news and player injuries. Overall, market activity (buying and selling contracts) is what really drives prices.
Volatility helps, as users can buy low and sell high, even before events conclude, to make profits. Early exit can also help users cut their losses if prices start declining. It is essentially similar to how Kalshi works, except that Underdog only focuses on sports.
Settlement
Winning contracts settle at $1 per position. To calculate your profit, simply calculate the difference and multiply by the number of positions you bought.
Profit = ($1 – purchase price) X number of positions
Unfortunately, losing contracts settle at $0, meaning that they essentially become worthless. As such, it is always advisable to pick your markets and outcomes wisely.
Who uses Underdog Prediction Picks?
Practically anyone looking for a fresh “sports betting” experience can use the Underdog prediction market. For starters, it is ideal for sports fans already familiar with betting odds and player props. It’s also great for bettors looking to move away from the static parlays and on to a trading-like experience. Curious DFS players would also enjoy the market-style prediction.
One of the only drawbacks at the moment is that Underdog Team Picks is available in only 16 states. If you’re looking for a more widely available prediction app, Fanatics Markets is live half of US states.
How to get started on Underdog prediction markets (accounts, deposits & buying positions)
Here’s a quick step-by-step guide to help you get started on the Underdog prediction market:
1
Create and verify an Underdog account
First, you need an active user account to start trading. As such, download the Underdog mobile app and register a new account. Only basic details like your name and address are required, and you must complete verification to ensure that everything checks out. Notably, creating an account doesn’t guarantee access to all markets – unfortunately, sports markets are restricted in certain states.
2
Deposit methods
Next, you must make a deposit, as you’ll need funds to trade the available prediction markets. Underdog accepts many popular payment methods, including:
- Credit cards
- Debit cards
- Visa
- MasterCard
- American Express
- Discover
- E-wallets: PayPal and Venmo
- Mobile Payments: Apple Pay and Google Pay
You can also link your bank account directly using Trustly. The minimum deposit amount is only $10, and all deposit transactions are instant. Crypto deposits aren’t required, unlike Polymarket.
3
Finding and buying event contracts
Notably, the Underdog mobile platform features three segments: fantasy sports, sports betting, and prediction markets. As such, navigate to the prediction markets segment to explore the available markets.
When you find a market that interests you, simply pick “Yes” or “No” depending on what you think the outcome will be. Next, enter the amount you wish to invest – you’ll see how many contracts you’ll purchase at the current price and your potential profits. Finally, confirm the purchase to place the trade.
4
Selling positions
You don’t have to wait for events to conclude to close your trades. You can exit early, which locks in your profits when prices rise and limits your losses when prices fall. Alternatively, you can wait for the events to play out, in which case trades close automatically.
5
Withdrawals
You can withdraw your winnings via various methods, including:
- Debit cards
- PayPal
- Online banking
- Checks by Mail
Minimum withdrawal limits start at only $10. However, processing times vary, and while some methods take only one to two days, others may take up to four or five days. Notably, withdrawals are in USD only – there are no wallets, stablecoins, or token conversions.
What you can predict on at Underdog (sports-only markets)
Underdog Predict focuses exclusively on sports events. Its event markets are based on various popular North American sports and leagues, including:
NFL
NBA
Basketball fans can express and trade their views on NBA game results and team performance outcomes, reacting to in-game developments with market-driven pricing rather than fixed odds.
NHL
Hockey prediction markets let users take positions on NHL game results and other team-level outcomes, bringing a market pricing element to puck-line and win/lose predictions.
MLB
For baseball, Underdog’s market contracts enable fans to predict and trade on team victories and game results in a flexible trading environment where prices reflect crowd sentiment.
College Football
Users can engage with prediction markets on college football matchups, buying and selling contracts on outcomes across major games, tapping into dynamic pricing that updates through the event.
College Basketball
While less prominent than pro sports, Underdog’s prediction offerings cover college basketball outcomes too, allowing fans to trade on game results with market-based probabilities rather than static lines.
You can also find a few events based on other major American and international sports like soccer, MMA, golf, and boxing. The events can cover a wide range of scenarios and outcomes, such as:
- Game outcomes
- Playoff advancement
- Seasonal outcomes
- Player statistics
Notably, other prediction markets like Kalshi and Polymarket cover a wider range of events. Standard categories, besides sports, include politics, technology, entertainment, financials, economics, the weather, and more. However, Underdog Predict focuses solely on sports events, which aligns with its core business model, seeing as it is one of the biggest fantasy and sports betting platforms in the U.S.
Pros of using Underdog prediction markets
There are many advantages to using Underdog Predict, most notably:
Pros when choosing an online casino
- Underdog Predict is perfectly suited for Underdog’s current client base and anyone familiar with DFS and sports betting. It’s markets are exclusively based on sports, filtering out the “noise” for users looking for a sports-only platform. Moreover, the prediction markets are located on the same platform as the DFS and sports betting segments, which is convenient when users want to switch between different segments.
- Underdog Predict is not like a parlay, which has rigid terms whereby bets are final. You can enter and exit trade positions at will, just like you would at a stocks or crypto exchange. To this end, you can take partial profits and limit your losses.
- Crypto.com | Derivatives North America (CDNA), a reputable, popular prediction market regulated by the CFTC, provides the markets and powers all mechanics, while Underdog Predict hosts the markets. Underdog, too, is highly reputable in the sports betting and DFS niches.
- Underdog boasts a proprietary mobile app that stands out for its polished design and user-friendly experience. Underdog Predict is integrated into the same app, and its intuitive design makes it easy to use, navigate, and ultimately master how prediction markets work.
- Besides the intuitive app design, many other things about Underdog Predict make it easier to use compared to other prediction markets. For example, it accepts USD, meaning that users don’t need to learn about cryptocurrencies and wallets to start trading.
- Prices and odds are dynamic in prediction markets. They can change in response to various developments, such as player injuries. This can be advantageous for knowledgeable, news-savvy players, as it may take some time for markets to respond to major developments.
Cons to look out for
- While Underdog’s partner, CDNA, is regulated at the federal level, its platform and some of its markets are still restricted in certain states. These restrictions apply to Underdog Predict as well. Notably, many states are pushing back against sports event contracts, which is what Underdog Predict is all about. Currently, these are the states where users can access the prediction market feature of the Underdog Sports app: Alabama, Alaska, Arkansas, California, Georgia, Minnesota, Nebraska, New Mexico, North Dakota, Oklahoma, Rhode Island, South Carolina, South Dakota, Texas, Utah, and Wisconsin.
- Underdog Predict focuses solely on sports-related event contracts in line with its core model. Unfortunately, it doesn’t cover other popular categories like sports, entertainment, financials, the weather, and more, which can limit users’ options. To this end, users may need to explore other prediction markets to access these other markets.
- Underdog is a relatively new prediction market. Its user base is still limited, which can be problematic for liquidity. Notably, liquidity depends on trade volumes, and fewer traders/trades means lower liquidity. Unfortunately, lower liquidity makes trading more costly and limits traders’ ability to exit early in case of losses.
- Notably, liquidity and volatility are interrelated. Prediction markets are naturally volatile, which means that prices/odds can increase or decrease over time. Unfortunately, the volatility levels can be high when the trade volume and liquidity are low, which is usually a problem for new prediction markets like Underdog Predict.
- Many people may confuse the sports-based event contracts on Underdog Predict for sports betting. It is often a common issue among sports bettors transitioning to prediction markets. The confusion can be frustrating, especially for users who struggle to understand how the new odds work. Notably, confused users can make costly mistakes.
- Prediction markets are still relatively new, and the core model of their event contracts, especially sports-based events, are raising controversy among regulators and sports betting operators. To this end, laws and regulations can change over time, leaving platforms like Underdog Predict (and its users) vulnerable.
Kalshi vs. Underdog prediction markets
Kalshi stands out among other prediction markets for being one of the earliest and, most notably, the first platform to be regulated by the CFTC. Underdog Predict is similar to Kalshi in many aspects, including the core concept of prediction market trading. However, the two platforms also differ in certain crucial aspects.
For example, while Kalshi covers a wide range of categories, including sports and weather, Underdog focuses solely on sports.
Here’s a closer look at the various similarities and differences between Kalshi and Underdog Predict:
| Feature | Kalshi | Underdog Predict |
|---|---|---|
| Focus: | A wide range of real-world fields, including sports, politics, financials, economics, entertainment, technology, the weather, and more. | Solely focuses on sports-based events. |
| Currency: | USD | USD |
| Trading: | Yes | Yes |
| Categories: | Broad – not limited to sports. | Broad but only limited to sports. |
| Users: | News followers, forecasters, sports fans, and more. | Mostly sports and DFS fans. |
| Entry barrier: | Slightly higher. | Familiar to sports bettors. |
Notably, Underdog Predict goes toe-to-toe with Kalshi on many fronts. To this end, it is the ideal sports-centric alternative to Kalshi’s general prediction markets.
Frequently Asked Questions (FAQs)
Underdog is generally legal in the U.S. because of its partnership with CDNA, which is regulated by the CFTC. Right now, Underdog Team Picks is live in the following states:
- Alabama, Alaska, Arkansas, California, Georgia, Minnesota, Nebraska, New Mexico, North Dakota, Oklahoma, Rhode Island, South Carolina, South Dakota, Texas, Utah, and Wisconsin.
Underdog Predict doesn’t offer promotions or require promo codes as of launch. However, this may change over time, and it is advisable to check in periodically for new offers. Notably, there are separate bonuses for the DFS and sports betting segments, but they don’t work on predictions.
No, Underdog doesn’t require you to use cryptocurrency, unlike Polymarket. Notably, all trades and transactions are denominated in USD. You can use various payment methods for deposits and withdrawals, including credit/debit cards, e-wallets, mobile payments, and online banking.
Underdog Pick’em involves fantasy sports, whereby bettors form their own teams from real-life players and then earn points based on those players’ real-life performance. In contrast, Underdog Predict is a prediction market where users buy contracts based on future sports events.
Yes, Underdog Predict allows users to exit their positions early before events conclude. This is convenient when prices start falling, as you can limit your losses. You can also use the option to lock in your profits if prices start rising, especially if you are unsure about the outcome.
Yes, it is possible to lose all the money you invest in a contract if the outcome is contrary to what you predicted. Losing contracts don’t pay anything, meaning that you lose it all.
Final verdict & who Underdog prediction markets are right for
Underdog Predict is a vibrant prediction market ideal for sports fans looking for a more dynamic alternative to the usual sports betting mechanics. It functions more like a stock exchange than a sportsbook, giving players a market-like alternative to parlays and props. The market-driven format is simple once you understand it, and it can be very rewarding if you’re well-informed and lucky.
Simple USD onboarding makes Underdog Predict easier to use than most other crypto-based prediction markets. It is also worth noting Underdog’s proprietary mobile platform, which boasts an intuitive, user-friendly design.
However, Underdog Predict’s focus on sports betting makes it unsuitable for users seeking broader markets like politics and entertainment. Moreover, users must always remember to trade responsibly, since trading can be just as risky as betting.
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