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<\/a><\/a>\nLundgren is the former Chief Legal Officer of Crypto.com and CEO\/President of its CFTC-regulated division, where he certified the first sports entries in any U.S. prediction market and led the company to become the second-largest U.S. prediction market DCM, while acquiring and operating Crypto.com\u2019s DCM, DCO, and FCM licenses. Previously, he held roles at Perkins Coie LLP and Amazon, focused on crypto, fintech, and derivatives.<\/p>
\n\u201cNick has been one of the true leaders and innovators in our category, and we\u2019re psyched to have him at Underdog to help lead the continued growth of our business,\u201d said Underdog CEO and co-founder Jeremy Levine. \u201cHe has been a pioneer in this nascent space, and we\u2019re excited to continue building new and compelling experiences for sports fans with his expertise.\u201d<\/p>
\n\u201cI\u2019ve worked with every U.S. sports company live in prediction markets to date, and after working with Underdog on Crypto.com\u2019s platform, seeing them become the first sports enterprise with the full stack of CFTC licenses, I knew they were best equipped from a team, expertise and product standpoint to run away with the largest category in prediction markets \u2014 sports,\u201d said Lundgren. \u201cAnd I knew I had to be there.\u201d<\/p>
\nIn September 2025, Underdog became the first sports gaming operator<\/a> to offer sports prediction markets in its app, via access to Crypto.com\u2019s exchange.<\/p> \nIn March, Underdog acquired a federally regulated derivatives exchange<\/a> and clearinghouse from Aristotle Inc.<\/p> \nUnderdog\u2019s own exchange will allow customers to access sports event contracts and more. Underdog currently offers access to prediction markets as an intermediary to other exchanges, including Crypto.com and Kalshi, and the company will continue to expand its prediction offerings under its own exchange.<\/p> \nAbout Underdog<\/b><\/p> \nUnderdog was founded in 2020 with the simple objective of making sports more fun. The company\u2019s core operating principle: There\u2019s so much more to be built for sports fans in America. Underdog has a unique ability to create new, engaging products for the U.S. consumer. The company offers prediction markets, fantasy sports games, and a growing media network featuring former professional athletes, coaches, analysts, and the fastest breaking news. Underdog is built for and by sports fans to make sports more fun. For more information, visit underdogsports.com<\/a>.<\/p>