Underdog sues five US states over prediction market restrictions
By SectorWire desk ·
Summary
Underdog Fantasy filed lawsuits against Massachusetts, New Mexico, Ohio, Wisconsin and Washington on 8 September. The operator seeks to prevent state regulators from banning its prediction markets after surrendering daily fantasy sports licences in seven states.
Why it matters
Underdog seeks to prevent regulators in five states from banning its prediction markets after surrendering seven states’ fantasy sports licences.