Underdog joins growing line of operators suing states

The company filed the suit in federal court on Sunday.

The hit

Underdog has sued the state of Missouri in federal court, fighting back against a cease-&-desist order aimed at its prediction markets products. According to SBC Americas, Underdog is the latest prediction markets operator to take Missouri to federal court over a cease-&-desist.

Why it matters

Underdog continues to battle attorneys general & gaming regulators in court, according to SBC Americas. The company joins other prediction markets operators who have taken Missouri to federal court over similar orders.

The record

Plaintiff	Underdog
Defendant	State of Missouri

What happens next

Watch for Missouri’s response in federal court & any rulings on similar suits brought by other prediction markets operators against the state.

Sources: Underdog sues Missouri after prediction markets shutdown order

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