By SectorWire desk ·
The report said that Underdog launched the wholly owned Underdog Exchange. The operator had previously provided access to prediction contracts before establishing its own exchange.
The launch gives Underdog direct ownership of a prediction market exchange.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
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.
IG Group’s sports betting licence application follows its acquisition of US prediction market Underdog.
Investors face doubled Underdog Q3 revenue alongside IG’s lowered 2026 outlook ahead of deal completion.