Crypto.com No Longer Offers Sport Event Contracts in Arizona, Eight Other States

Arizona to revoke Underdog’s DFS license for “aiding and abetting” illegal conduct

The Arizona Department of Gaming (ADG) has moved to revoke Underdog’s fantasy sports license, citing concerns over the operator’s prediction markets offerings. First reported by Sports Betting Dime, in an email dated 5 December the ADG informed Underdog of its intent to take regulatory action. The department has classified the sports event contract offerings of Crypto.com – which Underdog has partnered with since September – as “illegal gambling…

Crypto.com No Longer Offers Sport Event Contracts in Arizona, Eight Other States

Crypto.com pulled its sport event contracts from Arizona on Dec. 2, full prediction markets on Dec. 12 Crypto.com reported it also does not offer sport event contracts in Michigan, Maryland, Massachusetts, Illinois, New Jersey, New York, Nevada, and Ohio This comes after news broke that Underdog will have its Arizona fantasy sports contest license revoked due to its sport event contract offerings and partnership with Crypto.com Crypto.com no lon…