Underdog has hired Nick Lundgren, formerly Crypto.com’s chief legal officer, the company said. Lundgren spent five years at Crypto.com, according to the report.
The appointment adds a legal executive with experience at a company involved in sports-based prediction markets.
The day’s most important stories, free. One email a day.
Underdog filed a federal lawsuit against Connecticut officials after the state Department of Consumer Protection ordered it and eight other companies to stop offering or advertising sports-event contracts and let users withdraw existing funds. The company asked the court to block state enforcement, arguing that federal law gives the Commodity Futures Trading Commission authority over its event contracts; Connecticut officials say the contracts breach state gaming rules.
Prediction markets are competing for sports betting customers as the NFL season approaches. The report identifies Kalshi and Polymarket as competitors to FanDuel and DraftKings.
Crypto.com appointed Mohammed Mortajine as chief compliance officer, the company said. Mortajine has held compliance leadership roles at banks, Western Union, ACI Worldwide and Paysafe.
Crypto.com has appointed Mohammed Mortajine as chief compliance officer, the company said. The company said the appointment is intended to strengthen governance, deepen regulatory engagement and scale compliance capabilities across its global platform.
SBC Americas reported further executive changes at Crypto.com’s CDNA in its appointments coverage. The report also covered personnel developments involving Hard Rock Digital and IAGR.
High Roller Technologies appointed Thomas Scaria to the newly created chief product officer role ahead of its ROLR prediction markets launch. The company said Scaria will lead its move into the sector in partnership with Crypto.com. High Roller also agreed an exclusive platform licence and development services deal with DeepEther Labs’ mrkts.com platform for the ROLR application.