Underdog has launched live, drive-by-drive NFL prediction markets that allow users to bet on the outcome of each offensive possession, including whether a listed player will catch a pass.

Harry Raymond, the Director of Product, provided a demonstration of this innovative offering in a post dated November 10, 2026. This new feature introduces a swift format to the company’s prediction market lineup. The Next Drive rules highlight singles-only entries, eliminate the cash-out option, and set a trading cut-off at the initial offensive play. In a post on X, Raymond noted that, “to my knowledge,” Underdog is the first provider of live drive-by-drive predictions, making a noteworthy claim—though it’s not independently verified as an industry first.

Underdog’s Next Drive help page outlines four categories for drive results: touchdown, field goal attempt, punt, and Turnover + Others. A touchdown requires an offensive touchdown by the selected team to count. A field goal attempt is valid whether the kick is made, missed, or blocked. A punt also counts as executed if blocked, and the turnover category encompasses interceptions, lost fumbles, turnovers on downs, and safeties, in line with the listed contract rules. Additionally, there is a market for “To Catch A Pass” for specified players.

These bets are Yes-only, meaning the reception must occur on that drive, and if the player does not catch a pass, the selection is deemed incorrect.

During live play, the focus is on the upcoming offensive drive rather than the one currently in play. Underdog specifies that a qualifying drive must involve at least one offensive scrimmage snap; kickoffs, returns, and extra points do not qualify as offensive drives. Markets can be available during a kick, return, or break, as long as an active price is offered, but trading will close once the first offensive play occurs. New drives will automatically update, while market availability during halftime or overtime depends on coverage.

The rules also allow for pregame markets on each team’s first drive. It’s important to note that paused, unpriced, or closed markets cannot accept new entries, meaning availability is contingent on the specific team and drive, not just the game itself. Contracts for Next Drive and To Catch A Pass cannot be mixed with other prediction or fantasy options. Cashing out positions for either type is also not permitted, which sets these markets apart from others that might allow for early exits. Settlement will await the designated results source or a play review. Penalties and reviews take precedence, and a same-team fumble recovery or the conclusion of the first or third quarter does not automatically end a drive.

Finally, Underdog clarifies that a successfully executed kick is the relevant result, even if a subsequent recovery or score occurs. A fake kick without a subsequent kick is judged based on the ensuing play. These delineations underscore that the published contract rules, rather than just the final score, play a vital role in determining market settlements.