Underdog Sports withdrew its approved application to offer mobile sports betting in Missouri earlier this month as the daily fantasy company continues to expand its prediction market business.
An Underdog spokesperson confirmed the decision to InGame. Underdog, in a technology partnership with Crypto.com, has expanded its prediction market footprint from 19 states to 24 since commencement in September. Missouri is one of the recent additions…
Mike Leara, executive director of the Missouri Gaming Commission, said that regulators had been told by Underdog that it would focus its future efforts on prediction markets, which are regulated at the federal level by the Commodity Futures Trading Commission.
