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Underdog Hits $1.225B Valuation with $70M Series C Raise

By Oliver Rink Mar 27, 2025

Underdog has raised $70 million in the first close of its Series C funding, valuing the company at $1.225 billion. Spark Capital is leading the Series C round, which is expected to exceed $100 million upon completion.

Illinois Lawmakers Weigh Competing Bills to Regulate and Tax Fantasy Sports

By Oliver Rink Mar 26, 2025

Two bills that could be pivotal to the future of daily fantasy sports (DFS) regulation in Illinois are currently being discussed. Two Competing Bills Offer Different Visions for DFS Regulation The two bills in question

Underdog Fantasy Exits New York After $17.5M Settlement with Gaming Commission

By Oliver Rink Mar 17, 2025

Underdog Fantasy will leave the state of New York after reaching a settlement with the New York State Gaming Commission (NYSGC). The settlement concerns operating unpermitted interactive fantasy sports (IFS) contests