Underdog Taps ZeroHash for Crypto Deposits

Prediction market operator Underdog has partnered with crypto infrastructure provider ZeroHash to introduce cryptocurrency and stablecoin deposits, with the new funding option expected to launch later this year.

According to an announcement, eligible users will be able to fund their accounts directly through the Underdog app using supported digital assets. The service is designed to enable near-instant transfers around the clock. Underdog did not specify which cryptocurrencies or stablecoins would be supported and did not respond to Cointelegraph’s request for clarification before publication.

Funding Options and User Experience

The new funding option will supplement existing payment methods, which include debit and credit cards, Apple Pay, and bank transfers. Underdog stated that users will not need to manage wallet addresses or select blockchain networks when making deposits through the integration.

Founded in 2020, Underdog operates prediction markets and has accumulated more than 11 million registered accounts, according to IG Group. IG Group agreed in July to acquire the company in a transaction valued at up to $1.3 billion, with the deal expected to close in late 2026 or early 2027.

Platform Volume

Data from DeFiRate shows that Underdog recorded $1.4 billion in trading volume over the 30-day period ending October 21. This figure represented a 133% increase from the previous period, though it remained behind competitors such as Kalshi and Polymarket.

Key facts

• Underdog partnered with ZeroHash to integrate cryptocurrency and stablecoin deposits.
• The feature is scheduled to launch later this year for eligible users.
• Deposits will allow near-instant, round-the-clock transfers directly through the app without requiring wallet address management.
• Underdog recorded $1.4 billion in trading volume for the 30 days ending October 21.