MV Capital | Underdog Partners With Zerohash for Crypto and Stablecoin Account Funding

Prediction market operator Underdog will enable eligible users to deposit digital assets later in 2026 through an in-app integration with crypto infrastructure provider zerohash

Underdog, the U.S. prediction market and fantasy sports company, announced a partnership with zerohash on October 22, 2026, at the NEXTPredict NYC Summit. The collaboration will allow eligible users to fund their accounts with cryptocurrency and stablecoins directly inside the Underdog app. The feature is scheduled to become available later in 2026.

Deposits are designed for near-instant settlement and continuous availability, operating outside traditional banking hours. Users will not need to handle wallet addresses or choose blockchain networks. The new option will sit alongside existing funding methods that include debit and credit cards, Apple Pay, and bank transfers. Underdog has not disclosed the specific digital assets that will be supported.

Company Growth and Market Position

Founded in 2020, Underdog reports more than 11 million registered accounts. In the 30-day period ending October 21, the platform recorded $1.4 billion in trading volume, a 133 percent increase from the prior period. That figure remains below the volumes reported by larger competitors Kalshi, at $81.5 billion, and Polymarket, at a combined $17.2 billion across its U.S. and international platforms.

IG Group agreed in July 2026 to acquire Underdog in a transaction valued at up to $1.3 billion. The deal is expected to close in late 2026 or early 2027. Company materials indicate that 46 percent of Underdog customers had previously traded cryptocurrencies, pointing to existing user familiarity with digital assets.

Statements From Company Executives

We launched our own exchange so we could move at the speed our customers expect, and funding needs to move at that same speed.Arthik Adla, Head of Payments at Underdog

zerohash, which supports more than 100 assets across 200 jurisdictions and has processed over $65 billion in settled volume, will manage the underlying infrastructure that moves digital assets into Underdog accounts.

Stablecoins solve that by moving money globally, 24/7. We built zerohash to make that simple for companies like Underdog, so their customers can fund their accounts when the velocity of money matters most.zerohash executive

The partnership follows Underdog’s establishment of its own federally licensed prediction market exchange, giving the company a full set of Designated Contract Market, Derivatives Clearing Organization, and Futures Commission Merchant licenses.

Once live, the crypto funding channel is intended to give eligible users additional flexibility for depositing funds at any time of day while keeping the process contained within the Underdog application.