Underdog, PrizePicks to pull out of Florida under regulator pressure

Underdog, PrizePicks to pull out of Florida under regulator pressure

Article brief provided by Legal Sports Report
  • Mike Mazzeo, Legal Sports Report
February 19, 2024 7:54 PM

Daily fantasy sports pick’em operators plan to leave Florida by March 1 while they consider a court response to multiple state orders to leave, multiple sources told LSR.

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It comes after Florida regulators sent a second round of cease and desist letters in January, promising no further legal action against Betr, PrizePicks and Underdog Fantasy should they leave the state by that date.

“If the cessation is completed within that timeframe, the Commission will deem the company and all its officials, directors and employees to have complied with the demands of the cease-and-desit order, and the Commission will not take further action, including referral to the Office of Statewide Prosecution or to any State Attorney,” the letters read in part.