October 30, 2026
Prediction market Underdog urged a Washington federal judge Thursday to stop state authorities from enforcing gambling laws against the company until the U.S. Supreme Court rules on whether prediction markets are subject to state regulation or fall under the exclusive jurisdiction of the Commodity Futures Trading Commission.
October 29, 2026
Prediction market operator Underdog's contention that its sports-based event contracts are not subject to Washington state gambling laws is doomed under a recent Ninth Circuit ruling holding otherwise, the Evergreen State told a Washington federal judge.
September 08, 2026
Prediction market operator Underdog sued five states Tuesday to head off potential gambling enforcement actions over its sports event contracts, becoming the latest firm to argue its federally-regulated platform is beyond the reach of state gaming laws.
September 08, 2026
Prediction market operator Underdog sued Washington's attorney general and state gambling commission Tuesday in an attempt to block enforcement of state anti-gambling laws against the company, contending that wagers on its platform qualify as derivative contracts that fall under the "exclusive jurisdiction" of the federal government.