Arizona gaming department seeks to revoke Underdog licence over Crypto.com ties
Arizona's Department of Gaming issued Underdog a violation notice on 5 December and said it intends to revoke the company's fantasy sports licence, citing its relationship with Crypto.com. Underdog has until early January to appeal or request a formal hearing; its general counsel said the company will challenge the action.
The notice puts Underdog's Arizona fantasy sports licence at risk because of its association with a prediction-market operator.