U.S. sports prediction market Underdog plans to introduce a feature by year-end that lets users deposit stablecoins and cryptocurrencies directly into prediction market accounts. The company is working with infrastructure platform Zerohash to enable qualified customers to add funds through the Underdog app outside bank hours, including evenings and weekends. Underdog and Zerohash executives highlighted speed and expanded choices. Some services may be unavailable in New York, and crypto holdings are not covered by FDIC or SIPC protection.

Questions have been raised over whether Bo Hines, a former cryptocurrency adviser to U.S. President Donald Trump, faced a conflict of interest while promoting passage of the stablecoin-focused Genius Act. Reports say Nxum, an investment firm Hines co-founded, received $6.3 million under a contract with stablecoin issuer Tether, with the first payment made while he was in office. Hines is also alleged to have kept in contact with Nxum partners during his White House tenure.