The fantasy sports operator Underdog Sports has completed its pivot to the prediction market sector, just months after laying off 20% of its staff and snapping up a derivatives clearing platform.
The firm announced the launch of its own “federally licensed prediction market exchange” through a press release. This move follows recent restructuring efforts by the company.
Underdog Sports aims to establish a strong presence in the prediction market industry with its new platform, which operates under the oversight of the CFTC.
