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Business
December 10, 2024
Underdog’s Peer-to-Peer Shift Enabled Business Growth
Underdog Fantasy, a leading daily fantasy sports (DFS) operator, has deviated from its original operating model in several states in an attempt to expand its business while remaining compliant with local regulations. As a result, it now operates player-versus-house DFS in half of its US markets and peer-to-peer in the rest. The Company Went Peer-to-Peer […]
Sports
February 29, 2024
Underdog Fantasy Trims Offering in Multiple US States
There’s a range of daily fantasy sports (DFS) operators that are offering their services across the United States. But while some states permit the activity, in others, a regulatory framework is missing, which otherwise means that those companies operate in a grey area. With more states anticipating legislation and regulation of DFS, some companies are […]
Industry
October 10, 2023
Underdog Fantasy Launches “GuardDog” Initiative
Prominent daily fantasy sports operator Underdog Fantasy aims to proactively tackle gambling harm through its new “GuardDog” initiative. The program will provide startups focused on developing innovative and responsible gambling solutions with the necessary support and funding. This move coincides with the industry’s ongoing pivot towards reducing its negative societal impact. The Initiative Will Help […]
Sports
August 11, 2023
Underdog Fantasy Criticizes FanDuel and DraftKings’ Dominance
Since the Professional and Amateur Sports Protection Act’s (PASPA) repeal by the Supreme Court in 2018, a statewide expansion of sports betting began. While wagering on sports was just starting at the time, daily fantasy sports (DFS) also known as fantasy sports contests, were already popular across the US. The innovative activity captured the attention […]
Business
May 23, 2023
Underdog and GeoComply Sign Product Deal for North America
The globally recognized fraud and risk solutions provider, GeoComply, announced it entered into a new agreement Tuesday. The company expanded its portfolio of partners by joining forces with Underdog, the up-and-coming fantasy sports and online sports gaming operator. Thanks to the freshly minted partnership, the operator gained access to GeoComply’s leading technology and solutions, including […]
Esports
December 15, 2022
Underdog Secures Ohio Sports Betting License
One of the fastest-growing fantasy sports companies, Underdog Sports, announced Wednesday it secured a license in Ohio. Ohio Regulator Grants Underdog Sports Betting License The company revealed that the entry into Ohio comes after it secured a license for online sports betting from the gambling regulator in the state, the Ohio Casino Control Commission. Having […]
Industry
December 12, 2022
Underdog Fantasy and Xpoint Ink Geolocation Deal
Underdog Fantasy, a fantasy sports platform describing itself as “the best place to play fantasy sports,” has secured Xpoint’s backing. Under the agreement, the geolocation technology specialist will become the Mark Cuban-backed platform’s official geolocation partner. Xpoint to Supply Underdog Fantasy with Geolocation Xpoint, which provides geolocation solutions to sportsbooks and gambling operators all over […]
Sports
July 28, 2022
Underdog’s $35m Funding Round to Support Product Innovation
A Series B funding round of $35 million announced by fantasy sports operator Underdog including funds and accounts managed by BlackRock and Acies Investments valued the company at $485 million. Moving into Sports Betting The funding round is expected to provide the funds necessary for Underdog to build innovative licensed sports betting products, expand its […]
