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Underdog sues Tennessee after cease-and-desist order over prediction market operations
- Underdog sues Tennessee after cease-and-desist order over prediction market operations — Tennessee issued Underdog a cease-and-desist order on October 9 and warned of fines and possible revocation of its fantasy sports license. Underdog sued in federal court, arguing its event contracts fall under CFTC jurisdiction and are exempt from state gambling laws. (Covers)
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