Arizona gaming department issues notice to revoke Underdog DFS licence
Arizona’s Department of Gaming issued Underdog Fantasy a notice of intent to revoke its daily fantasy sports licence, citing the company’s relationship with Crypto.com and alleged support for illegal conduct in the state. Underdog said it plans to appeal within 30 days of the 5 December notice, arguing that sports prediction markets fall under federal rather than state oversight.
Underdog’s Arizona licence faces proposed revocation, while the company plans to appeal and disputes state oversight of prediction markets.