How Big Is Underdog’s Prediction Market?

Underdog Weekly Volume

$120 million

Current weekly trading volume for Underdog in prediction markets.

Polymarket US Weekly Volume

$400 million

Weekly trading volume reported by Polymarket US in the trailing seven days.

Kalshi Weekly Volume

$4 billion

Weekly trading volume for Kalshi, the leading player in the prediction markets.

§ 01 Executive Snapshot

What: Underdog's performance in prediction markets highlighted by a new Bank of America report.
Who: Underdog, Kalshi, Polymarket, Robinhood, and members of Congress.
Why it matters: The evolving landscape of prediction markets raises regulatory scrutiny and competitive dynamics among major players.

Underdog is currently achieving about $120 million in weekly volume, according to a report from Bank of America.
Polymarket US reported over $400 million in volume in the trailing seven days, showcasing its growth.
Kalshi dominates the market with approximately $4 billion in trading volume each week, significantly outpacing its competitors.

The prediction markets sector is experiencing rapid growth, prompting regulatory scrutiny from U.S. lawmakers concerned about customer protection and potential misconduct.
Underdog's acquisition of Aristotle Exchange positions it to operate its own designated contract market, similar to its competitors, enhancing its market presence.

The competitive landscape for prediction markets is intensifying, with major platforms like Underdog and Kalshi vying for market share.
The regulatory environment is likely to evolve, impacting operational practices and market strategies for prediction market operators.

Regulatory scrutiny from the Commodity Futures Trading Commission (CFTC) may impose restrictions on market operations, particularly in sports event contracts.
Potential competition from emerging platforms and established players could threaten market share and profitability for Underdog and others.

Underdog is expected to launch its own markets by the NFL season, which will be a critical indicator of its growth trajectory.
Ongoing investigations into insider trading and market manipulation could lead to significant regulatory changes in how prediction markets operate.

§ 07

What is Underdog's current weekly volume in prediction markets?

Underdog is currently achieving about $120 million in weekly volume.

Why is the prediction markets sector experiencing regulatory scrutiny?

The sector is under scrutiny due to concerns from U.S. lawmakers about customer protection and potential misconduct.

How does Underdog plan to enhance its market presence?

Underdog's acquisition of Aristotle Exchange allows it to operate its own designated contract market, similar to its competitors.