Underdog sues Connecticut over sports prediction-market crackdown
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Underdog has sued Connecticut officials in federal court, seeking to block the state from treating its sports-related prediction-market contracts as illegal gambling, The Block reported. Underdog is seeking declaratory and injunctive relief to continue operating in Connecticut, arguing that it is a…
Underdog has sued Connecticut officials in federal court, seeking to block the state from treating its sports-related prediction-market contracts as illegal gambling, The Block reported. Underdog is seeking declaratory and injunctive relief to continue operating in Connecticut, arguing that it is a federally regulated designated contract market (DCM) and that the Commodity Futures Trading Commission...