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Underdog sues Tennessee over prediction market rules, FocusGN reports
- Underdog sues Tennessee over prediction market rules, FocusGN reports — Underdog filed a federal lawsuit in the U.S. District Court for the Middle District of Tennessee in Nashville against Attorney General Jonathan Skrmetti and members of the Tennessee Sports Wagering Council, arguing federal authority preempts state efforts to regulate its prediction markets as gambling. The filing follows the Sixth Circuit decision allowing Ohio and Tennessee regulators to apply state gambling laws to Kalshi sports contracts, and Underdog says enforcement poses a direct and imminent threat to its business and users. (FocusGN)
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