Underdog’s UDX Hits $1.2M Day, About 5% of Estimated Companywide Flow

Underdog’s in-house UDX exchange recorded a reported $1.2 million in July 27 trading volume, reaching its first million-dollar day ten days after initial test trades. The result suggests Underdog avoided the usual cold-start problem for a new exchange, but UDX appears to be handling only a small fraction of the company’s broader prediction-market activity. Existing […]