Underdog relinquishes fantasy sports licences in seven states to retain prediction markets
By SectorWire desk ·
Summary
Underdog is giving up daily fantasy sports licences across seven US states to preserve its prediction markets business. State regulators told the company that its federally regulated prediction platform could not coexist with its state-licensed fantasy sports operations.
Why it matters
Underdog is surrendering fantasy licences in seven states after regulators deemed its prediction platform incompatible with state-licensed fantasy operations.