Articles from Underdog

Underdog, the fastest-growing sports company in the U.S., today announced the hiring of two C-Suite executives, Rishi Garg as Chief Financial Officer (CFO) and Kimberly Pointer Corbett as Chief Marketing Officer (CMO). The appointments come as Underdog is expected to reach nearly $500 million in revenue in only its fifth year of operation and on the heels of the successful launch of a partnership with Crypto.com | Derivatives North America (CDNA), to make sports events contracts accessible to customers through Underdog. Garg and Pointer Corbett have driven growth at premier companies, including Twitter, Square, Zynga and Warner Brothers, and will be central to Underdog’s mission of driving growth by building authentic, lasting engagement with sports fans.

Underdog, the fastest-growing sports company in the U.S., and Crypto.com | Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse and an affiliate of Crypto.com, today announced that sports event contracts will be accessible to customers through Underdog. CDNA sports event contracts will be powered by Underdog’s technology. This partnership offers American sports fans a secure, federally compliant way to access CDNA sports event contracts and make predictions on the outcomes of their favorite sports events, all within the Underdog app.

In a landmark moment for the online sports gaming industry, Spark Capital is leading Underdog’s Series C funding round, with a $70 million first close on a round expected to exceed $100 million. The raise values Underdog – the fastest-growing sports gaming company in the U.S. – at $1.225 billion pre-money, nearly tripling its Series B valuation from 2022.

Underdog Sportsbook, the first sports betting product from Underdog, is now live in North Carolina. Powered by Underdog’s own technology, the easy-to-use Underdog Sportsbook is available for download. Registration is also available at underdogsports.com.

Underdog, the fastest growing fantasy sports company ever, announced an investment in idPair by GuardDog, Underdog’s responsible gaming innovation fund. idPair’s proprietary technology creates a centralized view of an individual’s play and gambling activity across all applications and operators in a jurisdiction for regulators, providing for universal responsible gaming limits. In addition to an investment from the fund, idPair will have access to top advisors, mentors, and investors and will be prioritized for integration into Underdog’s product offerings.

Underdog has unveiled the largest fantasy football tournament of all-time as Best Ball Mania IV will have $15 million in total prize money. The season-long competition, hosted by the fastest growing paid fantasy sports operator ever, will see the first-place participant be awarded $3 million.

This September marks the inaugural Responsible Gaming Education Month and Underdog, the fastest growing paid fantasy sports company ever, announced Brianne Doura-Schawohl has joined the company as a consultant to bolster efforts to provide users with a safe, fair and reliable platform with the highest level of integrity.

Underdog announced today that it has filled the participant pool for Best Ball Mania III -- the largest fantasy football season tournament in history with $10 million in total prize money. The season-long competition, hosted by the fastest growing paid fantasy sports operator ever, has over 451,000 entries competing for a first-place prize of $2 million, a second-place prize of $1 million, and another $1 million prize for the regular-season winner.