Underdog sues five US states to protect sports prediction markets
By SectorWire desk ·
Summary
Underdog filed federal lawsuits against five states this week seeking injunctions against potential action targeting its sports prediction markets. The company surrendered DFS licences in seven states the previous week as it shifted towards prediction markets.
Why it matters
Underdog seeks injunctions protecting its sports prediction markets after surrendering DFS licences in seven states during its shift towards prediction markets.