Underdog sues Tennessee over sports prediction ban

Underdog has ramped up its legal efforts, filing a new lawsuit against Tennessee as part of an ongoing battle with several states. This latest case, brought in the federal court for the Middle District of Tennessee (Nashville), accuses the state of exceeding its regulatory authority by issuing a cease-and-desist order linked to Underdog’s sports-event contracts. Since shifting to a prediction market business model in March after acquiring Aristotle Exchange, Underdog has pursued legal action against seven states, starting from September 8th.