By The Weekly Edge desk ·
Underdog has filed a lawsuit against Tennessee officials on Tuesday. It is challenging an order requiring it to stop offering sports event contracts. According to the headline, the state has also threatened the company's fantasy licence.
The lawsuit challenges Tennessee’s order to stop sports event contracts and its threat to Underdog’s fantasy licence.
Same companies, regulators or market.
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.
The ruling and machine removals are followed by 81 job cuts at Republic Amusements, while legalisation legislation remains stalled.
Nevada’s objection over sports event contracts and underage participation adds pressure to the debate over CFTC rules.
The guilty plea and alleged game manipulation underscore integrity risks tied to confidential information and licensed sportsbook losses.