A new Super Bowl betting system has emerged in the US, allowing users to trade on game outcomes. Crypto.com, a Singapore-based cryptocurrency exchange, has started offering “yes” or “no” positions on NFL playoff and college football games, including the championship. Users can buy and sell these swaps contracts, with prices fluctuating based on odds. For example, a “yes” bet on the Kansas City Chiefs winning the championship cost $56.75, while an opposing “no” side priced at $46.75 would pay out if the Philadelphia Eagles won. This system bypasses state regulators and allows for wagers on major sports events.
Source: https://www.bloomberg.com/news/features/2025-02-07/crypto-com-kalshi-super-bowl-trades-upend-us-sports-betting