Underdog plans to hedge sports and fantasy risk through prediction markets
Underdog Sports said it plans to use prediction markets including Kalshi and Crypto.com to hedge risk across its sports betting and fantasy offerings. Kalshi said there is no formal partnership or preferential trading arrangement, describing Underdog as a standard institutional client; Underdog has separately signed a deal with Crypto.com.
The plans could give Underdog a way to manage exposure to sports outcomes through prediction-market trading.