15 Oct04 Regulation
Underdog sues Tennessee after state threatens fantasy license
The lawsuit challenges Tennessee’s order to stop sports event contracts and its threat to Underdog’s fantasy licence.
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The lawsuit challenges Tennessee’s order to stop sports event contracts and its threat to Underdog’s fantasy licence.
The suit contests state authority over Underdog’s prediction market and follows a ruling against Kalshi.
SEC approval of Cboe's corporate binary options opens a second regulatory route, while the Kentucky remand recommendation could expose Kalshi and Polymarket to state action.