Underdog launches drive-by-drive NFL bets as scrutiny grows

Rep. Ro Khanna called on Congress to ban the markets as Underdog launches its new NFL drive contracts.

The hit

Underdog has launched drive-by-drive prediction markets on NFL games, letting bettors wager on the outcome of individual drives & who catches a pass on them. Director of product Harry Raymond posted screen recordings during Monday Night Football between the Bills & Vikings, according to Legal Sports Report.

Why it matters

The launch lands as regulators circle similar products, with several states weighing bans on live betting & micro bets at regulated sportsbooks. Prediction markets like Underdog sit outside those state rules, allowing users as young as 18. They are also not required to offer responsible gambling tools such as deposit limits & self-exclusion, though some have added similar tools on their own.

The record

Underdog’s claim	Director of product Harry Raymond said he believes it is the first product of its kind
CFTC action	Paused Novig’s micro contracts on first points scored, citing manipulation risk
New Jersey bill	S2160 would ban micro bets; advanced out of committee in March, stalled since
Age limits	Most states require bettors to be 21; prediction markets generally allow 18
Congressional pressure	Rep. Ro Khanna called for Congress to ban prediction markets on Tuesday

What happens next

Legal Sports Report says the CFTC has not yet said whether it views Underdog’s drive markets as micro contracts. Watch for a CFTC response, & for movement on the New Jersey bill & bills introduced in Pennsylvania, plus stalled bills in New York & Ohio.

Sources: Micro Bet Scrutiny Grows as Underdog Adds NFL Drive Markets

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