Operators / Underdog Fantasy
Underdog Fantasy
Operator · Underdog Sports, Inc. · New York, New York[1]
Pick'em/fantasy sports platform; also offers a prediction-markets product ("Underdog Exchange"/UDX) via CFTC-registered Aristotle Exchange entities. Formal legal entity name for the operating company was not stated on the fetched homepage; "Underdog Sports, Inc." reflects the commonly used corporate name and should be verified against a state filing.
Brands
- Underdog Fantasy — Pick'em fantasy
- Underdog Exchange (UDX) — Prediction markets
Latest reported 12-month window
Available reports within each market’s latest 12-month window; missing months may make totals incomplete. License-holder totals may include partner-operated brands; rows are not necessarily additive.
| State | Vertical | Channel | Reported period | Handle | GGR |
|---|---|---|---|---|---|
| Arizona | Daily fantasy | online | Aug 1, 2025 – Jul 31, 2026 | $19.2M | $4.5M |
| Pennsylvania | Daily fantasy | online | Sep 1, 2025 – Aug 31, 2026 | $7.2M | $1.7M |
| Missouri | Daily fantasy | online | Jan 1, 2023 – Dec 31, 2023 | — | — |
| Michigan | Daily fantasy | online | Aug 1, 2025 – Jul 31, 2026 | — | — |
| Maine | Daily fantasy | online | Jan 1, 2023 – Dec 31, 2023 | — | — |
Licenses
| State | Vertical | Brand | License | Status | Launched |
|---|---|---|---|---|---|
| Arizona | Pick'em fantasy | Underdog | Fantasy Sports Contest Operator | pending | [2],[3] |
| Indiana | Daily fantasy | Underdog | Paid Fantasy Sports Operator (Permanent) | active | [4] |
| New York | Daily fantasy | Underdog (Synkt Games) | IFS Contest Operator Registration | active | [5] |
| Ohio | Sports (online) | Underdog Sports Wagering | Type-A Sports Gaming Proprietor (Mobile) | pending | [6] |
| Tennessee | Pick'em fantasy | Underdog Fantasy | Fantasy Sports Operator | active | [7] |
Regulatory actions
| Date | State | Against | Action | Amount | What happened |
|---|---|---|---|---|---|
| Sep 23, 2026 | North Carolina | Underdog Sports Wagering | Fine Sports (online) | $175,000 | The Commission fined Underdog $175,000 after it self-reported that 38 online sports-wagering accounts were created for customers under 21, eight of which placed bets before the error was caught; the violations occurred before Underdog exited the regulated NC sports-wagering market in December 2025. Reported in the press; no regulator document found.[8] |
| Aug 15, 2024 | Mississippi | Underdog Sports, LLC | Consent agreement Pick'em fantasy | The Mississippi Gaming Commission's executive director received a disciplinary complaint against pick'em daily-fantasy operator Underdog Sports, LLC and was authorized to execute a stipulation and agreement resolving it; the public agenda does not state the underlying violation or any financial terms. The Commission's agenda gives no further details.[9] |
Sources
- Underdog · retrieved Oct 10, 2026
- Approved Operators & Retail Locations · retrieved Oct 10, 2026
- Arizona moves to revoke Underdog's license over Crypto.com deal · retrieved Oct 10, 2026
Correction (2026-10-10 review) -- removed excerpt per the Excerpts rule (page not fetched; read as a search-result summary, direct fetch not attempted). ADG Director Jackie Johnson reportedly issued a notice of violation and intention to revoke to Underdog on Dec. 5, 2025, over its Crypto.com prediction-market partnership.
- Paid Fantasy Sports Operators (Current as of 07/27/2026) · retrieved Oct 10, 2026
- Interactive Fantasy Sports (IFS) · retrieved Oct 10, 2026
- Sports Gaming Proprietors and Services Providers (Last Updated 10/16/2025) · retrieved Oct 10, 2026
- Licensees & Registrants | Tennessee Sports Wagering Council · retrieved Oct 10, 2026
- North Carolina Fines Bet365 for Sports Betting Legal Violation · retrieved Oct 11, 2026
- Mississippi Gaming Commission Regular Monthly Meeting Agenda, August 15, 2024 · retrieved Oct 11, 2026