Legal sports betting is still not offered in California or Texas, the country’s two most populous states—and in Florida, the third most-populous, it’s largely controlled by the Seminole Tribe. But a new venture from Crypto.com and fantasy-sports provider Underdog Sports could open new doors for fans.

The companies announced Tuesday they are teaming up to launch a sports prediction market in 16 states. Fans will be able to buy and sell outcomes of sporting events, similar to how prediction markets are used to “bet” on elections, Bitcoin prices, or pop culture events. Odds shift with market movements rather than a bookmaker’s call.

“Prediction markets are one of the most exciting developments we’ve seen in a long time,” said Jeremy Levine, Underdog’s founder and CEO, in a statement. “While

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