Underdog's UDX Self-Certifies 7 Sports Event Contract Templates with the CFTC
2026-07-17 23:24
Odaily Planet Daily News: UDX, the newly acquired exchange by Underdog, self-certified seven sports event contract templates with the U.S. Commodity Futures Trading Commission (CFTC) on July 15, planning to launch the first batch of contract trading by July 17 at the latest. The document sets listing targets but does not confirm that public trading has commenced.
The related certifications cover three baseball and three basketball templates, involving markets for game winners, point spreads, and total scores. The seventh, broader contract allows for the creation of markets around whether a specified athlete, team, or other entity achieves a result within a limited period.
These contracts have a notional value of $1, with a trading price range of $0.001 to $0.999. UDX stated that trading will generally remain open outside of scheduled maintenance windows, with liquidity provided by at least one market maker.
Underdog acquired Aristotle Exchange DCM and its affiliated derivatives clearing organization in March. Prior to the acquisition, Underdog primarily acted as an intermediary, providing users with access to contracts listed on other federally registered trading venues.
The related certifications cover three baseball and three basketball templates, involving markets for game winners, point spreads, and total scores. The seventh, broader contract allows for the creation of markets around whether a specified athlete, team, or other entity achieves a result within a limited period.
These contracts have a notional value of $1, with a trading price range of $0.001 to $0.999. UDX stated that trading will generally remain open outside of scheduled maintenance windows, with liquidity provided by at least one market maker.
Underdog acquired Aristotle Exchange DCM and its affiliated derivatives clearing organization in March. Prior to the acquisition, Underdog primarily acted as an intermediary, providing users with access to contracts listed on other federally registered trading venues.
Bài viết đề xuất
