Daily fantasy sports operator Underdog has announced the launch of its new in-house prediction market platform following its acquisition of CFTC-regulated Aristotle Exchange in early 2026. The exchange is fully owned and operated by Underdog and will be available directly in its existing application. With the new prediction platform, users will be able to trade
Daily fantasy sports operator Underdog has announced the launch of its new in-house prediction market platform following its acquisition of CFTC-regulated Aristotle Exchange in early 2026.
The exchange is fully owned and operated by Underdog and will be available directly in its existing application. With the new prediction platform, users will be able to trade contracts on sports, culture, and other markets.
Underdog CEO and co-founder, Jeremy Levine, commented:
“We started this company with a clear belief: there is so much more to be built for sports fans in America. Despite incredible changes in the U.S. market in recent years, through the twisting journey from fantasy sports to regulated sports betting to prediction markets, we still see an industry that far too often simply misses in serving sports fans. Now with our own exchange, we’re going to unlock so much for more sports fans. Prediction markets are largely about sports, and Underdog is the best at sports.”
Additionally, Underdog was the first operator to start offering sports prediction markets in fall 2025 as an intermediary to other prediction platforms like Kalshi and Crypto.com. Now, Underdog owns full prediction market licensing, including a CFTC-registered Designated Contract Market (DCM), Derivatives Clearing Organization (DCO), and Futures Commission Merchant (FCM). Based on July 16, 2026 data, the company has self-certified 3 baseball contracts, 3 basketball contracts, and 1 contract covering multiple sports.