By SectorWire desk ·
Underdog announced it would discontinue fantasy sports drafts in seven states in favour of prediction markets. The report places the decision amid disputes over prediction markets’ legality in some states.
Underdog is discontinuing fantasy sports drafts in seven states for prediction markets amid disputes over their legality.
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The injunction request contests Tennessee’s application of wagering laws to Underdog’s event-contract exchange.
The lawsuit challenges Tennessee’s ability to apply state wagering laws to Underdog’s event contract platform.
The dispute puts Underdog's sports event contracts and fantasy licence in Tennessee at risk.
The suit contests state authority over Underdog’s prediction market and follows a ruling against Kalshi.
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