Legal In USA
Verified on Aug. 27, 2026
Last used 34 mins ago
2 min avg claim time
Underdog promo code summary table
Here's a succinct breakdown for one of the best prediction market apps:
| ⏩ Underdog promo code | COVERS |
| 💰 Underdog sign-up bonus | 50% Deposit Match up to $1,000 |
| 💵 Minimum deposit | $10 |
| 💵 Deposit needed for full bonus | $2,000 |
| 📝 Maximum bonus | $1,000 in bonus entries |
| 🏦 Playthrough requirement | 1x deposit plus bonus |
| 🏦 Playthrough period | 14 days |
| ⌛ Bonus credit time |
Within 72 hours of the qualifying deposit |
| 📍 Prediction Picks availability |
AL, AK, AR, CA, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, LA, ME, MN, MO, MT, NE, NH, NM, NY, NC, ND, OK, OR, RI, SC, SD, TX, UT, VT, VA, WA, WV, WI, WY, DC |
| 📱 App availability |
iOS and Android |
| ✅ Last verified | Aug. 27, 2026 |
Quick Verdict: Why I like Underdog
Underdog is a good fit for anyone who wants game-winner, spreads, totals, futures, and other sports contracts inside a familiar mobile app. I especially like that the experience does not make a first-time trader stare at a complicated order book before buying a contract.
For me, Underdog's biggest strength is how approachable prediction markets feel. I can open a matchup I already follow, see the contract price, understand the implied probability, and immediately know what I stand to make if the prediction is correct. If I think a team priced around 60 cents has a better than 60% chance of winning, for example, I can buy the contract without having to learn traditional sportsbook odds or exchange-style order placement first.
It still offers enough depth for more experienced users. I can trade spreads and totals, take longer-term positions on futures, and potentially cash out before settlement when liquidity is available. Underdog also uses multiple regulated exchanges behind the scenes, giving it access to a wider range of contracts without making the interface feel overly technical.
That combination makes Underdog one of the easier prediction platforms for me to recommend to sports fans who want event contracts but don't necessarily want a trading-terminal experience.
Best Underdog promo code: 50% deposit match up to $1,000
The best Underdog promo code is COVERS, which unlocks a 50% first-deposit match of up to $1,000 in bonus entries for eligible new customers. It has a well-deserved position on our list of the top prediction market promos.
The bonus calculation is straightforward:
Underdog bonus = 50% of the first deposit, up to a maximum of $1,000
That means the full $1,000 bonus requires a $2,000 first deposit. Depositing more than $2,000 does not increase the match beyond $1,000.
How much is the Underdog deposit match worth
| First deposit | 50% bonus | Deposit plus bonus | Required 1x playthrough |
|---|---|---|---|
| $10 | $5 | $15 |
$15 |
| $50 | $25 | $75 |
$75 |
| $100 | $50 | $150 |
$150 |
| $500 | $250 | $750 |
$750 |
| $1,000 | $500 | $1,500 |
$1,500 |
| $2,000 | $1,000 | $3,000 |
$3,000 |
This table is important because '1x playthrough' does not mean playing only the bonus once. The requirement applies to the deposit and bonus combined. A $500 deposit earns a $250 bonus, creating $750 in required qualifying entry volume. Official terms require that playthrough to be completed within 14 days.
Today’s Underdog promo code check
COVERS is the code to use for the 50% first-deposit match up to $1,000. I would enter the code or follow the Covers offer link, confirm the match on the registration screen, and only then make the first deposit. Underdog says promotional amounts can differ depending on the advertisement or offer shown to the customer. The registration screen is therefore more important than a generic banner seen elsewhere.
My verdict on the Underdog welcome offer
The offer has one of the highest maximum bonus figures attached to a sports prediction app, but it is not automatically the best prediction-market promotion. I like it for someone who plans to use Underdog’s fantasy entries alongside Prediction Picks. I like it less for someone who wants a clean “trade $10, get $20” offer that lands directly in a prediction-market balance. Being honest about that distinction gives this page more value than simply shouting “up to $1,000” and hoping nobody checks the terms.
How to claim the Underdog promo code COVERS
I would use the following process to claim the Underdog welcome offer:
Enter Underdog promo code COVERS
Enter COVERS in the promo-code field. Before continuing, confirm that the registration screen shows a 50% first-deposit match up to $1,000.
Complete identity verification
Provide the requested personal and location information. Underdog requires account holders to verify their identity before using the platform.
Prediction Picks may involve a second onboarding step because event contracts are regulated financial products. Users can be asked questions concerning employment, income, and trading experience before Predict access is activated.
Deposit at least $10
Make a first deposit of at least $10. A $2,000 deposit is needed to receive the maximum $1,000 match.
I would not deposit $2,000 solely because it produces the biggest headline bonus. The better amount is one that leaves enough time and eligible activity to complete the required playthrough within 14 days.
Receive the bonus entries
Underdog states that the promotion bonus can take up to 72 hours after the deposit resolves to appear in the account. The credit is issued as bonus entries, not withdrawable cash.
Complete the playthrough
Use the qualifying balance on eligible fantasy entries and complete 1x the deposit plus bonus within 14 days. Bonus funds cannot be applied to entries with a payout multiplier below 2x.
Does the Underdog promo code work on Prediction Picks?
Yes. The Underdog promo code COVERS works with Prediction Picks, allowing eligible new users to claim the 50% first-deposit match up to $1,000 and use the promotion on Underdog’s prediction markets.
That makes the offer especially useful if I’m joining Underdog primarily for Predictions. After activating COVERS and making a qualifying first deposit, I can use the applicable promotional funds while taking positions on available sports contracts, including game winners, spreads, totals, futures, and player markets.
Covers Expert Analysis
What about Underdog Combo entries?
The Underdog promo code COVERS also works with Combo entries, giving me another way to use the welcome offer across Underdog’s prediction products. Combo entries mix at least one Prediction Pick with fantasy picks in the same entry, combining event-contract trading with Underdog’s familiar pick-based format.
If I want something more involved than a standalone game-winner or total, I can build a Combo around a Prediction Pick and add eligible player selections. The promotional funds from COVERS can be used on qualifying Combo entries, subject to the offer’s playthrough and eligibility requirements.
Combo entries have their own funding, settlement, and cancellation rules, so I still check the specific entry terms before submitting.
Underdog promo code terms and conditions
The Underdog promo code COVERS comes with a few important terms to understand before depositing:
Eligibility: The 50% first-deposit match is available to eligible new Underdog customers using COVERS.
Minimum deposit: You must deposit at least $10 to qualify.
Maximum bonus: The match is capped at $1,000, meaning you need to deposit $2,000 to receive the maximum amount.
Bonus credit: Underdog can take up to 72 hours after my qualifying deposit resolves to issue the promotional funds.
Prediction Picks and Combos: COVERS can be used with eligible Prediction Picks and Combo entries, subject to their respective rules and availability.
Playthrough requirement: You must complete 1x the value of your deposit plus bonus before the promotional balance fully qualifies.
Turnover period: You have 14 days after the bonus is issued to complete the required playthrough.
Unused bonus: Any promotional balance that has not satisfied the requirements by the end of the turnover period can be forfeited.
Withdrawals: Eligible winnings generated during the playthrough period may be withdrawable, but promotional funds themselves are subject to the offer requirements.
Offer selection: If Underdog gives you a “Choose Your Offer” option, you can select only one available promotion.
Offer displayed at sign-up: The promotion shown during registration ultimately determines the bonus and requirements attached to your account.
I always recommend checking the offer displayed at registration before depositing, particularly since Underdog can present different promotions to different customers.
How the 1x playthrough works
Suppose I deposit $100 with Underdog bonus code COVERS:
- My deposit is $100.
- My 50% match is $50.
- My combined balance for playthrough purposes is $150.
- I must generate $150 in qualifying entry fees within 14 days.
Once that requirement is satisfied, the applicable promotional balance becomes eligible for withdrawal under the account terms.
What happens after 14 days?
The promotional bonus is forfeited if you do not complete the playthrough within 14 days. Underdog may reclaim the remaining bonus after that deadline. The terms do not say that the entire original deposit disappears. The forfeiture applies to the unqualified promotional balance. Customers who do not plan to complete the requirement can contact support about canceling their participation, although doing so means giving up the bonus.
Can I withdraw winnings before completing the playthrough?
Yes. Underdog’s terms say winnings generated during the turnover period may be withdrawn, even while the unused portion of the promotional bonus remains subject to playthrough. The bonus entries themselves are not directly withdrawable. That is more flexible than a system that locks the entire account, but I would still track the remaining playthrough instead of assuming all funds shown in the balance are immediately available.
Must be 18+ (19+ in AL, NE; 19+ in CO for some games; 21+ in AZ, MA, and VA) and present in a state where Underdog Fantasy operates. Terms apply. Offer not valid in MD, MI, NJ, NY, OH, and PA. Concerned with your play? Call 1-800-MY-RESET or 1-800-GAMBLER or visit www.ncpgambling.org; AZ: 1-800-NEXT-STEP (1-800-639-8783) or text NEXT-STEP to 53342; NY: Call the 24/7 HOPEline at 1-877-8-HOPENY or Text HOPENY (467369).
Keep Your Million promotion
The Keep Your Million promotion starts eligible participants with a virtual balance of $1,000,000 in Milly Bucks and asks them to work through as many as 20 two-outcome player-pick questions.
Milly Bucks are not $1 million in cash, cannot be withdrawn, and are used only within the promotion.
Whatever remains after all 20 questions are completed converts into bonus entries, up to a maximum of $1 million. Those bonus entries must then be played through once before resulting winnings become eligible for withdrawal.
How Keep Your Million works
- Start with $1,000,000 in Milly Bucks. Every eligible player begins with the same virtual pot.
- Choose a two-outcome player question. One example could ask whether Tarik Skubal finishes Higher or Lower than 7.5 strikeouts.
- Split the pot between both outcomes. I could put 650,000 Milly Bucks on Higher and 350,000 on Lower rather than going all-in.
- Keep only the winning allocation. If Skubal finishes with eight strikeouts, my new balance is 650,000 Milly Bucks. The 350,000 placed on Lower disappears.
- Continue for up to 20 questions. The current balance becomes the pot for the next round.
- Finish with a balance remaining. Whatever remains after the 20th completed question converts into bonus entries. Reaching zero ends the promotion without a prize.
Complete all 20 questions within 60 days. Keep Your Million selections lock immediately and cannot be canceled after submission.
A Keep Your Million example
Suppose I begin with 1,000,000 Milly Bucks:
- Question one: Tarik Skubal Higher or Lower than 7.5 strikeouts? I place 650,000 on Higher and 350,000 on Lower. Higher wins, leaving me with 650,000.
- Question two: Aaron Judge Higher or Lower than 1.5 total bases? I place 400,000 on Higher and 250,000 on Lower. Lower wins, leaving me with 250,000.
- Question three: A pitcher to record Higher or Lower than 5.5 strikeouts. I split 175,000 and 75,000. The 175,000 side wins, so that becomes my next pot.
The game is really a repeated risk-allocation puzzle. A wider split protects me from one outcome, but repeatedly preserving both sides can shrink the final balance quickly.
Keep Your Million terms to know
Based on the current terms:
- Milly Bucks have no cash value.
- The promotion includes up to 20 sequential questions.
- You must complete all questions within 60 days.
- A zero balance ends the promotion without a prize.
- The remaining balance after 20 questions converts to bonus entries.
- The maximum possible conversion is $1,000,000 in bonus entries.
- Bonus entries have a 1x playthrough requirement.
- New users must make a first deposit.
- Existing users may have to make a separate qualifying deposit.
- The advertisement shown to the customer controls the qualifying deposit.
- Bonus funds are not directly withdrawable cash.
What is Underdog Predict?
Underdog Predict is the event-contract side of the Underdog app. Instead of building a fantasy entry, I buy contracts tied to real-world outcomes such as a team winning, covering a spread, or finishing higher or lower than a total.
Each contract is priced between $0 and $1 based on the market’s estimated probability. A correct contract settles at $1, while an incorrect contract settles at $0. Prediction Picks are regulated financial instruments and are separate from Underdog’s fantasy Pick’em product.
In July 2026, Underdog launched its own federally licensed exchange after acquiring a CFTC-registered designated contract market and derivatives clearing organization. Underdog also operates as a registered futures commission merchant, giving it control of its own exchange infrastructure while continuing to offer contracts from partner exchanges.
Which exchanges power Underdog Prediction Picks?
Underdog currently works across three regulated exchange providers:
| Provider | Role inside Underdog |
|---|---|
| Underdog Exchange, or UDX |
Underdog’s own CFTC-regulated exchange |
| Kalshi |
Partner exchange providing eligible event contracts |
| Nadex/Crypto.com |
Partner exchange providing sports and certain culture contracts |
Underdog generally shows one market per game and handles the exchange selection in the background. Users may hold positions from more than one provider at the same time, and each position settles under the rules of the exchange that listed it.
That is convenient, but it also means I cannot assume every Underdog market has identical fees, suspension rules, settlement rules, or availability.
How Underdog Prediction Picks work
Prediction Picks are built around contracts rather than traditional sportsbook odds. I choose an outcome, select how many contracts I want, review the contract price and fees, and submit the trade. The contract later settles at $1 if the outcome occurs or $0 if it does not.
Contract prices and payouts
A contract priced at $0.70 represents an estimated 70% probability.
Suppose I buy five “Bills to win” contracts at $0.70:
- Contract cost: 5 × $0.70 = $3.50
- Illustrative exchange fee: 5 × $0.02 = $0.10
- Total cost: $3.60
- Winning settlement: 5 × $1 = $5
- Net profit if correct: $1.40
- Settlement if incorrect: $0
That is Underdog’s own illustrative fee and payout example. The contract price matters as much as the outcome. Buying the correct side at $0.85 leaves only $0.15 of gross upside per contract, while buying it at $0.55 leaves $0.45 before fees.
Cash out and liquidity
Underdog may let me cash out a position before the event settles. The cash-out value is based on the current market price, so it may be higher or lower than my original cost.
I treat Cash Out as a sale, not an insurance button. Someone on the other side must be willing to take over the position. If there is not enough liquidity, the cash-out option can disappear even while my original contract remains active.
Cash out may also be suspended when:
- A market has insufficient liquidity.
- A significant in-game event causes trading to pause.
- The game is close to ending.
- I am physically located outside an eligible Prediction Picks state.
A position that cannot be cashed out continues to settle under its market rules.
Why I check the exchange before trading
The provider matters most when something unusual happens.
For example, a tennis retirement, postponed football game, or abandoned soccer match may resolve differently depending on whether the contract came from UDX, Kalshi, or Nadex. I would check the provider and rulebook before buying any contract where cancellation or retirement risk is realistic.
Official exchange results, not the live score or stat display inside the app, control settlement. If there is a dispute, Underdog passes the exchange’s settlement through rather than independently changing the result.
Today’s Underdog Prediction Picks
Today’s sports schedule is led by a full MLB board, with standout games including the Chicago Cubs vs. Arizona Diamondbacks, Philadelphia Phillies vs. Seattle Mariners, Houston Astros vs. New York Yankees, and Los Angeles Dodgers vs. Atlanta Braves. The WNBA also has the Golden State Valkyries visiting the Connecticut Sun, while the U.S. Open has mixed-doubles semifinals and the final scheduled for tonight.
I would start with a simple game-winner contract before moving into narrower markets. On the MLB board, that means comparing the contract prices on a game such as Houston vs. New York and deciding whether the price leaves enough upside after fees.
Underdog can also list baseball run lines, totals, first-three-, first-five-, and first-seven-inning markets, plus whether a run will be scored in the first inning. Availability depends on the exchange and current market board.
Underdog Prediction Picks fees
Underdog fees can differ based on the entity and exchange handling the contract.
The published UDM fee schedule lists a $0.01 commission per contract, per side. In other words, buying 10 contracts creates a $0.10 commission when opening the position, and selling 10 contracts to close it can create another $0.10 commission. Separate exchange or regulatory fees may also apply.
Underdog’s Prediction Picks help center separately uses an example containing a $0.02 exchange fee per contract. Because Underdog routes markets through multiple providers, I would not reduce the entire fee section to a generic “two cents per contract” claim.
The order ticket is the source of truth. Before submitting, I would check:
- Contract price
- Number of contracts
- Underdog or UDM commission
- Exchange fee
- Any applicable regulatory fee
- Total amount at risk
- Potential $1-per-contract settlement
The price on the market board is not always the final all-in price.
What markets can I trade on Underdog?
Underdog is primarily a sports-first prediction market, although some users can also access culture and current-event contracts.
Current sports categories include:
- NFL
- College football
- NBA
- College basketball
- WNBA
- NHL
- MLB
- Soccer
- Tennis
- MMA
- Esports
- Championship and season futures
The exact selection depends on whether the account and market are powered by UDX, Kalshi, or Nadex.
Sports market types
| Sport or category | Sport or category |
|---|---|
| Football |
Game winner, spread, total, futures |
| Baseball |
Game winner, run line, total, first 3/5/7 innings, first-inning run |
| Basketball |
Game winner, spread, total, futures |
| Hockey |
Game winner, spread-style markets, total, futures |
| Soccer |
Three-way result, to advance, spread, total, first team to score |
| Tennis |
Tennis |
| MMA and esports |
Winner and event-specific contracts |
| Futures |
Championships, conference titles, season awards, win totals |
Futures positions can remain open for weeks or months and may be eligible for early cash out when liquidity is sufficient.
Underdog culture markets
Some Nadex-powered accounts can access non-sports markets covering:
- Awards shows and entertainment
- Elections and government
- Economic decisions
- Business milestones
- Cryptocurrency prices
Underdog currently says culture markets are available for Nadex-powered accounts, with broader provider support expected later. The available questions change as events open and resolve.
Prediction Player Picks
Prediction Player Picks are available in Connecticut, Idaho, Iowa, Louisiana, Maine, and Washington. These can cover statistics such as passing yards, rushing yards, receiving yards, anytime touchdowns, and multiple touchdowns.
This is an important distinction from standard fantasy Pick’em. Prediction Player Picks are event contracts and follow the applicable exchange rules.
Prediction Parlays
Prediction Parlays let users combine multiple team contracts into one prediction entry. Not every market can be combined. A Prediction Parlay cannot be canceled after submission, although a cash-out option may appear based on the current market value and available liquidity.
Underdog payment methods and withdrawals
Underdog provides customers with a solid selection of deposit and withdrawal options. Payment methods include credit cards,like Visa and Mastercard, Apple Pay, PayPal, bank transfer, Trustly, and more. The minimum initial deposit is $10, and funding is instant and fee-free.
Underdog deposit methods
Underdog has several ways to fund an account, but I need to pay attention to which method I use if I plan on trading Prediction Picks. The minimum Underdog deposit is $10, and Underdog does not directly charge a fee for credit-card deposits.
| Payment Method 🏦 | Deposit 💰 | Prediction Picks | Process Time 🕒 | Minimum Deposit 🪙 | Fee💲 |
|---|---|---|---|---|---|
 Visa |
✅ | ✅ | Instant | $10 | Free |
 Mastercard |
✅ | ✅ | Instant | $10 | Free |
 American Express |
✅ | ✅ | Instant | $10 | Free |
 Discover |
✅ | ✅ | Instant | $10 | Free |
 PayPal |
✅ | ❌ | Instant | $10 | Free |
 Apple Pay |
✅ | ✅ with eligible card | Instant | $10 | Free |
 Google Pay |
✅ | ❌ | Instant | $10 | Free |
 Venmo |
✅ | ❌ | Instant | $10 | Free |
 Cash App |
Limited/prepaid us | ❌ | Instant | $10 | Free |
 Trustly |
✅ | ✅ | Instant; posting delays possible | $10 | Free |
 Bank transfer |
✅ | ❌ | Instant | $10 | Free |
Underdog withdrawal methods
Underdog withdrawals are free with a $10 minimum, unless I’m withdrawing an account balance below $10. Requests typically require 48–72 hours for Underdog to process before method-specific delivery time.
| Withdrawal method 🏦 | Available? | Underdog processing 🕒 | Delivery after processing | Minimum Withdrawal 🪙 | Fee💲 |
|---|---|---|---|---|---|
| Visa |
✅ | 48-72 hours | ~24 hours | $10 | Free |
| Mastercard |
✅ | 48-72 hours | ~24 hours | $10 | Free |
| Trustly |
✅ | 48-72 hours | 1-3 business days | $10 | Free |
| PayPal |
✅ | 48-72 hours | Varies | $10 | Free |
| Venmo |
✅ | 48-72 hours | Varies | $10 | Free |
| Credit card | ❌ | - | - | - | - |
| Apple Pay |
❌ | - | - | - | - |
| Prepaid/Cash App card |
❌ | - | - | - | - |
Visa and Mastercard debit withdrawals require a previous deposit with that card, as do PayPal and Venmo. Trustly does not require a previous Trustly deposit.
How long do Underdog withdrawals take?
Underdog generally processes withdrawals within 48–72 hours. After approval, debit-card withdrawals typically arrive within about 24 hours, while Trustly can take another one to three business days. Weekends, holidays, or additional account reviews may extend those times.
Underdog customer support
Underdog offers customer support 24/7. Just click the live chat icon at the bottom of the page to quickly connect with a support agent. You can also send an email, but in my experience, it can take a few hours to get a response.
The site does not have a large FAQ section. However, you can click the “Help?” button in the live chat to see a small list of common questions.
- Live chat: Available 24/7
- Email: support@underdogpredict.com
- Phone: N/A
- Support languages: English, French
- X (Twitter): @UDSupport
Where are Underdog Prediction Picks available?
Underdog Prediction Picks are currently available in 38 states plus Washington, D.C.
Eligible locations are:
Alabama, Alaska, Arkansas, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Mexico, New York, North Carolina, North Dakota, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Texas, Utah, Vermont, Virginia, Washington, Washington, D.C., West Virginia, Wisconsin, and Wyoming.
Prediction-only states
The following states currently have Prediction Picks but do not have Underdog Pick’em or Drafts: Connecticut, Hawaii, Idaho, Iowa, Louisiana, Maine, Montana, Washington
Ineligible Prediction Picks states
Prediction Picks are not currently available in:
Arizona, Colorado, Kentucky, Maryland, Massachusetts, Michigan, Mississippi, Nevada, New Jersey, Ohio, Pennsylvania, and Tennessee. They are also unavailable in Ontario and U.S. territories.
Eligibility is based on physical location, not permanent residence. Users who travel into an ineligible state cannot place new trades or cash out until they return to an eligible location.
Is Underdog legit and regulated?
Yes. Underdog Prediction Picks are event contracts traded through Commodity Futures Trading Commission (CFTC)- regulated exchanges.
Underdog now owns and operates UDX, which includes a CFTC-registered designated contract market and derivatives clearing organization. UDM, LLC, doing business as Underdog Predict, is also a registered futures commission merchant regulated by the CFTC and NFA.
Underdog Predict and Underdog Fantasy are separate legal entities. Funds held in an eligible UDM futures account receive certain CFTC customer-fund protections, while fantasy-account funds do not receive those same futures-account protections.
Regulated does not mean risk-free. A losing contract settles at $0, and I can lose the full contract cost plus fees. Cash out is not guaranteed, and a thin market may leave me holding the position until settlement.
My Underdog Predict review
Underdog is one of the easiest ways for a sports fan to move from familiar game predictions into regulated event contracts. Its biggest advantage is the app experience: I can open the same platform I already associate with sports, find a game, see the market-implied probability, and buy contracts without first learning a professional trading interface.
Its biggest weakness is product separation. The headline welcome bonus belongs to the fantasy side, Predict deposits have different payment-method rules, and the underlying exchange can differ from one market to another.
Who it's forUnderdog Predict is best for sports fans who want a simple, mobile-first prediction market experience without navigating a complicated trading interface. I like it for newer traders because contract prices are easy to understand, the market selection is heavily sports-focused, and existing Underdog users can access Predictions in the same familiar app. It’s particularly interesting in Connecticut, Hawaii, Idaho, Iowa, Louisiana, Maine, Montana, and Washington, where Prediction Picks are available even though other Underdog contests are not.
It’s less appealing if I want complete control over which exchange I use for a particular game or expect to cash out of every position early. Markets can come from different providers, meaning fees, rules, liquidity, and settlement procedures can vary, while cash-out availability ultimately depends on the market.
Covers TradeGrade Rating: ⭐ 4.8/5 | Banking and payout speed | ⭐ 4.3/5 |
| Customer security, regulation, and trust | ⭐ 4.2/5 |
| Bonuses and promotions | ⭐ 3.9/5 |
| User experience and support | ⭐ 4.1/5 |
| Key features | ⭐ 4.1/5 |
| Pricing, fees, and spreads | ⭐ 4.0/5 |
| Contract clarity and settlement rules | ⭐ 4.0/5 |
| Market liquidity and variety | ⭐ 4.2/5 |
User reviews "First of all, wanna give a shout-out to Andre from customer support, extremely quick and very kind. Secondly, the app is very good and very well made. There’s no rigged competition, and every game makes it possible for anyone to win. Withdrawals do take a bit longer. However, they do all withdrawals manually, and you get to communicate with real people, so it's way more worth it."
- App Store reviewer
"Lots of reasons to love Underdog. I love the quick payout action. Super promotions from time to time, too.”
- App Store reviewer
Underdog Predict at a glance
| 💰 Sign-up bonus | 50% Deposit Match up to $1,000 |
| ⏩ Underdog promo code | COVERS |
| 🏅 Top feature | Multi-exchange access |
| 💵 Minimum deposit | $10 |
| 💵 Minimum entry | $10 |
| 🕒 Payout speed | Within 24 hours |
| ✅ Last verified | Aug. 27, 2026 |
What I like about Underdog Predict
What I don't like about Underdog Predict
Underdog app review
Underdog is a sports-first prediction market platform built around Prediction Picks, giving me a straightforward way to trade event contracts on game winners, spreads, totals, futures, player markets, and other sporting outcomes. The mobile experience keeps trading approachable, with simple contract pricing, quick navigation, position tracking, and cash-out functionality when available.
🍎 Underdog iOS app
The Underdog Sports app holds a strong 4.8/5 rating on the App Store, based on over 2,500 ratings. Click here to download the Underdog iOS app (160.2 MB size and growing).
Underdog iOS app
🤖 Underdog Android app
Google Play Store users feel similarly about the Underdog mobile app, rating it 4.6/5.
📱 Underdog app design
Underdog's mobile interface is one of its biggest strengths for Prediction Picks. I can quickly browse available sports, select a market, review the contract price and potential payout, and submit my position without navigating a traditional exchange-style order book.
The clean bottom navigation also makes it easy to move between available Prediction Picks, open positions, settled trades, and my account. That simplicity is especially useful if I'm coming to prediction markets from sports betting rather than active financial trading.
📈 Underdog app improvements
The clean bottom navigation also makes it easy to move between available Prediction Picks, open positions, settled trades, and my account. That simplicity is especially useful if I'm coming to prediction markets from sports betting rather than active financial trading.
More Prediction Picks: Underdog offers sports event contracts covering markets such as game winners, spreads, totals, futures, and player outcomes, with availability varying by event and exchange.
Prediction Cash Out: Eligible positions can be sold before settlement at the available market value, giving me a way to lock in a return or limit a loss when sufficient liquidity is available.
Streamlined trading: Underdog keeps the buying process simple, emphasizing contract prices, potential payouts, and fast mobile navigation rather than a complex trading terminal.
The Underdog mobile app was most recently updated to Version 26.56.0 in August, introducing a chance to multiply your money by 5000x.
Prediction markets in the news
Underdog vs. other prediction market apps
I've showcased how the Underdog offer compares to the Kalshi promo code and Polymarket promo code below:
 Underdog
|
 |
 |
 Novig
|
|
|---|---|---|---|---|
| Welcome bonus | 50% Deposit Match up to $1,000 | $35 Trading Bonus | Deposit $10, Get $20 Bonus | Deposit $10, Get $25 |
| Promo code | COVERS | COVERS35 | COVERS | COVERS |
| Bonus type | Deposit match | Trade and get | Deposit and get | First purchase |
| Bonus form | $1,000 bonus | $35 bonus | $20 trading bonus | five (5) Trade Credits of $5.00 each |
| Qualifying trade | $5 | $25 | $10 | $5 |
| Min. deposit | $10 | $10 | $10 | $10 |
| Covers TradeGrade Bonus Rating | ⭐ 4.8/5 | ⭐ 4.9/5 | ⭐ 4.9/5 | ⭐ 4.4/5 |
Underdog updates
July 21, 2026: Underdog launches an in-house exchange for prediction markets.
March 9, 2026: Underdog’s transition from a popular daily fantasy sports platform to a prediction market operator took a major step, following a purchase of a DCM and DCO company that allows it to offer its own sports event contracts.
March 3, 2026: Daily fantasy sports operator Underdog cut more than 20% of its workforce (125 employees) as the company makes a major shift into prediction markets.
Oct. 15, 2025: Emerging sports betting player Underdog was named the No. 3 startup in the United States on LinkedIn's annual Top Startups list, a jump from 15th in 2024.
Oct. 14, 2025: Underdog and the St. Louis Blues announced a multi-year marketing partnership designed to amplify the experience for NHL fans.
Sept. 30, 2025: Underdog announced a partnership with Major League Baseball’s Kansas City Royals.
Sept. 25, 2025: U.S. sports gaming company Underdog announced a collaboration with sports integrity operator Sportradar Group to improve its responsible gaming practices.
Sept. 17, 2025: Underdog has announced a pair of major C-Suite hires, appointing Rishi Garg as Chief Financial Officer (CFO) and Kimberly Pointer Corbett as Chief Marketing Officer (CMO).
Sept. 2, 2025: Fantasy operator Underdog has partnered with trading platform Crypto.com to enter prediction markets, with contracts being offered on Underdog's platform in 16 states.
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Underdog promo code FAQ
The Underdog promo code is COVERS, offering eligible new users a 50% first-deposit match up to $1,000.
The maximum bonus is $1,000, requiring a $2,000 first deposit to receive the full match.
What is the minimum Underdog deposit?
Does the Underdog promo code work on Prediction Picks?
The requirement is 1x the deposit plus bonus. A $100 deposit plus $50 bonus requires $150 in qualifying playthrough.
You have 14 days after the bonus is issued to complete the required playthrough.
Prediction Picks are event contracts priced from $0 to $1. Winning contracts settle at $1 and losing contracts at $0.
UDM lists a $0.01 commission per contract per side, although additional exchange or regulatory fees may apply.
Yes, when available. Cash-out value depends on the current market price and sufficient liquidity is required.
Yes. Underdog offers Prediction Picks through CFTC-regulated exchanges, including its own UDX exchange and partners such as Kalshi and Nadex.
