Underdog Sues Connecticut to Block Crackdown on Sports Event Contracts

Underdog sues Connecticut to block crackdown on sports event contracts

Sports gaming firm Underdog has sued Connecticut officials in federal court to stop the state from treating its sports event contracts as illegal gambling, extending its legal fight against state regulators to a sixth jurisdiction. According to Underdog’s lawsuit filed…

Connecticut expands prediction markets crackdown

Connecticut’s latest prediction markets enforcement action is not simply another warning to operators. The Connecticut Department of Consumer Protection last week issued cease-and-desist orders to nine companies it said are illegally offering sports-related prediction markets to Connecticut customers. The list includes: The notice ordered the operators to stop advertising, promoting or making available sports event […]

Underdog Sues Connecticut Over Sports Event Contract Ban

Why Is Underdog Suing Connecticut? Sports gaming company Underdog has sued Connecticut officials in federal court, seeking to stop the state from treating its sports-event contracts as illegal gambling as the regulatory fight over prediction markets spreads across the U.S. The lawsuit follows cease-and-desist orders issued by the Connecticut Department of Consumer Protection to nine prediction market platforms, including Underdog, Polymarket, Co…

Underdog Sues Connecticut Officials to Stop Classification of Event Contracts

TL;DR: Underdog sued Connecticut officials in federal court, arguing that its federally regulated event contracts fall under exclusive CFTC jurisdiction rather than state gambling rules. The lawsuit follows cease-and-desist orders against nine prediction-market platforms, while Connecticut insists sports betting must be offered only by licensed sportsbooks. Underdog has also sued five other states, as more ...

Underdog sues Connecticut to stop sports prediction market crackdown

The lawsuit follows cease-and-desist orders the state issued to prediction market platforms, including Underdog, Polymarket, and Coinbase.