Underdog Fantasy halts Drafts entries across seven states amid licensing conflict
Underdog Fantasy is pulling new Drafts entries from seven U.S. states this week after founder Jeremy Levine said regulators left… Continue reading Underdog Fantasy halts Drafts entries across seven states amid licensing conflict The post Underdog Fantasy halts Drafts entries across seven states amid licensing conflict appeared first on ReadWrite .
Underdog Fantasy has paused new Drafts entries in seven U.S. states following a licensing dispute, according to founder Jeremy Levine. The cutoff will begin immediately after Wednesday's kickoff in Massachusetts, Maryland, Michigan, Mississippi, New Jersey, Pennsylvania and Ohio. Existing entries will continue as usual, but new entries will not be accepted in these states.
Levine cited a disagreement with state regulators, who believe the company's CFTC-regulated offerings prevent it from offering fantasy sports in those jurisdictions. Underdog had previously changed its DFS pick’em offering to a peer-to-peer format in response to California's regulatory pressure, following a similar legal opinion issued by the California Attorney General.
Written by urgent.news from ReadWrite's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.