By The Weekly Edge desk ·
Underdog announced it would discontinue fantasy sports drafts in seven states in favour of prediction markets, GamblingNews reported. The report places the decision amid disputes over prediction markets’ legality in some states.
Underdog is discontinuing fantasy sports drafts in seven states for prediction markets amid disputes over their legality.
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The suit contests state authority over Underdog’s prediction market and follows a ruling against Kalshi.
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Underdog seeks to prevent regulators in five states from banning its prediction markets after surrendering seven states’ fantasy sports licences.
Underdog seeks injunctions protecting its sports prediction markets after surrendering DFS licences in seven states during its shift towards prediction markets.