Arkansas DFA orders two operators to stop unlicensed sports betting
Source: Arkansas Racing Commission (AR)
Arkansas’s Department of Finance and Administration sent cease-and-desist letters to Underdog Sports Holdings and SidePrize LLC (PrizePicks) on 15 February 2024. The agency said it believed the operators offered unlicensed sports betting through player prop bets, in violation of state law.
The letters challenge the operators’ sports-betting activity and require them to address whether their products need state licences.