Underdog Takes Legal Action Against States Over Prediction Markets
Underdog has filed lawsuits against five US states as the company seeks to prevent potential enforcement actions against its sports prediction markets business. The fantasy sports and prediction market operator filed cases against Massachusetts, New Mexico, Ohio, Washington and Wisconsin on September 8. The company is asking federal courts to issue permanent injunctions preventing those states from applying gambling laws to Underdog’s prediction market operations. It is also requesting declarations that such enforcement would be unlawful. The legal move follows Underdog’s […] The post Underdog Takes Legal Action Against States Over Prediction Markets appeared first on World Casino News.
Underdog has filed lawsuits against five US states as the company seeks to prevent potential enforcement actions against its sports prediction markets business. The fantasy sports and prediction market operator filed cases against Massachusetts, New Mexico, Ohio, Washington and Wisconsin on September 8. The company is asking federal courts to issue permanent injunctions preventing those states from applying gambling laws to Underdog’s prediction market operations. It is also requesting declarations that such enforcement would be unlawful. The legal move follows Underdog’s […]
The post Underdog Takes Legal Action Against States Over Prediction Markets appeared first on World Casino News.
