Underdog has added prediction markets to its app, and it’s giving new users a 50% deposit match up to $1,000 plus free entry into a survival game called Keep Your Million. The catch: you have to make a qualifying ‘fantasy pick-em’ play to claim the bonus. That’s the twist that makes the offer more complicated than it sounds.
The Offer Breakdown
Eligible new users who sign up with promo code CBS get the 50% match and free access to Keep Your Million. The match tops out at $1,000, and the survival game is Underdog’s version of a prediction market contest where you split a virtual million across 20 questions.
Here’s how the steps land:
- Pick a question — like whether Patrick Mahomes throws for higher or lower than 275 passing yards.
- Split your million between Higher and Lower using a slider.
- Lock it in once submitted.
- Keep your winnings after the game settles.
- Run it back up to 20 questions. Survive all 20 and cash out whatever’s left.
The offer expires if you don’t start picking within 21 days of signing up and complete within 60 days. Bonus entries are non-withdrawable and require a 1x playthrough before winnings can be withdrawn; they expire 14 days after issuance.
What the Promo Code Actually Does
The promo code CBS is not a standalone prediction picks bonus. It applies to the full Underdog app, which includes sports betting, DFS, and now prediction markets. You can still participate in prediction markets on Underdog if you’re in a state where they’re available, but this welcome bonus requires a qualifying fantasy pick-em play.
That means you can’t just claim the $1,000 match by predicting football scores. You have to pick a stat line — higher or lower on a player’s total — before the bonus kicks in.
How to Sign Up
You have to be 18+ (19+ in AL and NE; 21+ in AZ, MA, and VA) with a legal U.S. residential address in a state where Underdog operates. You also need to verify your email, enter your name, address, phone number, and SSN, and make a deposit of at least $10.
Underdog prediction picks are not available in AZ, CO, KY, MD, MA, MI, MS, NJ, OH, PA, and TN. The app itself is not available in NV, AB, ON, and US Territories.
Trading on Underdog Predict
Prediction markets work like player props on Underdog DFS. You can trade on teams, futures, and championship winners. Markets cover football, baseball, basketball, hockey, soccer, and more.
The contracts are offered by designated contract markets, including UDX, Kalshi, and Crypto.com. New users can claim the Kalshi promo code CBSSPORTS directly on Kalshi.
Pricing works the same way as other sports prediction markets. If the Yankees are trading at $0.60 per event contract on Kalshi, the correct prediction pays out $1 per contract, for a profit of $0.40 per contract. That price implies the market sees the Yankees at a 60% chance to win.
A trade of 100 contracts at that price costs $60. If the Yankees win, Underdog pays out $100 back to the account, earning $40 on that $100 total return. Underdog charges a $0.02 exchange fee per contract.
Banking and the Survival Game Terms
Underdog does not charge fees for withdrawals or deposits. Withdrawals process within 24-72 hours, with Trustly transfers typically the fastest method.
The survival game starts with a virtual $1,000,000 pot in bonus funds. You split it across each question, lock it in, and keep what you put on the winning side. If you end with $0 in Milly Bucks, no award is issued.
| Step | Action |
|---|---|
| 1 | Pick a question |
| 2 | Split your million |
| 3 | Lock it in |
| 4 | Keep your winnings |
| 5 | Run it back |
Our View
The promo code CBS offers a generous package, but the requirement to make a fantasy pick-em play before claiming it adds friction. It’s a clever way to tie DFS traffic into the prediction markets, but it means the headline offer isn’t as simple as it reads.
Underdog debuted in 2020 as a DFS platform and has since expanded into prediction markets. The app is straightforward, though the lobby can feel overwhelming with too many featured events highlighted.
The pricing model is transparent, and the exchange fee is small. The withdrawal window is reasonable, and Trustly moves faster than most competitors.
This is a solid offer for new users who want exposure to prediction markets. Just remember the qualifying play requirement before you click the CLAIM BONUS button.
Key Facts Box
– Promo code: CBS
– Deposit match: 50%, up to $1,000
– Survival game: Keep Your Million, virtual $1,000,000 pot
– Minimum deposit: $10
– States blocked: NV, AB, ON, US Territories; AZ, CO, KY, MD, MA, MI, MS, NJ, OH, PA, TN for prediction picks
– Kalshi promo code: CBSSPORTS
– Exchange fee: $0.02 per contract
– Withdrawal: 24-72 hours, fee-free
– Offer expiration: 21 days to start, 60 days to complete
The promo code CBS is live now.
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