Underdog appoints Nick Lundgren as chief legal officer
Updated
Updated · Bloomberg · May 6
Underdog appoints Nick Lundgren as chief legal officer
5 articles · Updated · Bloomberg · May 6
Lundgren previously led Crypto.com’s event contracts exchange and also served as its chief legal officer, helping launch US sports-contract trading in late 2024.
The hire brings legal and regulatory experience from a fast-growing niche where sports prediction markets have expanded rapidly on major US platforms.
Sports markets have since come to account for most trading volume on some of the most popular US prediction exchanges, underscoring the sector’s momentum.
Can one top lawyer help Underdog survive the legal war that could dismantle the entire prediction market industry?
Will the Supreme Court soon decide if sports prediction is the next Wall Street or just another Las Vegas?
As prediction markets boom, are they creating a new frontier for insider trading that current laws can't stop?