Underdog Fantasy is a Daily Fantasy Sports (DFS) platform that allows users to place “bets” in a wide variety of sports leagues. This DFS classification has allowed Underdog Fantasy to allegedly get around state and local regulations and misrepresent its business to users.
However, we do not believe that Underdog Fantasy’s “PICK’EM” functionality is legal in many states. Instead, Underdog Fantasy “PICK’EM” bets are more akin to proposition betting, which is illegal in many states.
Peiffer Wolf is representing users who have lost money placed as bets in Underdog Fantasy’s “PICK’EM” Proposition Bets. If you lost money in “PICK’EM” Proposition Bets on the Underdog Fantasy app, you may be eligible to file a claim. Contact Us Today by calling 314-669-3600 or by filling out our online contact form for a FREE Consultation.
In its “PICK’EM, WATCH’EM, WIN’EM” scheme, Underdog Fantasy allows users to choose “higher” or “lower” on 2 to 5 of their favorite players’ statistics.
Peiffer Wolf believes that Underdog Fantasy is and has been operating as an illegal sportsbook and that any lost bets should be subject to a refund.
Gambling and Daily Fantasy Sports
Gambling and daily fantasy sports (DFS) are both forms of entertainment that involve wagering money or other valuables, but they differ in several key ways:
- Outcome Determination: In traditional gambling activities, such as casino games or sports betting, the outcome is largely dependent on chance or luck. Players bet on the outcome of a specific event, like the roll of a dice, the spin of a roulette wheel, or the performance of a sports team. DFS is a game of skill rather than chance. Participants create fantasy sports teams by selecting real athletes from a specific league, and their performance in real-world sporting events determines the outcome. Success in DFS requires knowledge of the sport, player statistics, and strategic team selection.
- Skill vs. Luck: Gambling games typically rely heavily on luck, and players have little to no control over the outcomes. Success in most gambling activities is largely a matter of chance. DFS contests involve an element of skill, as participants must make informed decisions about which athletes to include on their fantasy teams. A strong understanding of the sport and player performance can give skilled players an advantage.
- Legal Status: The legal status of gambling varies from place to place, with some forms of gambling being legal and regulated in many jurisdictions, while others are restricted or prohibited. The legal status of DFS also varies by location. Some regions consider it a game of skill and permit it, while others classify it as a form of gambling and regulate it accordingly.
- Payout Structure: Payouts in gambling are typically based on predetermined odds, and the amount won or lost is often determined by chance. In DFS, payouts are based on the performance of the players chosen by participants in their fantasy teams. The better your team performs in the real-world sporting event, the more you can win, with payouts often distributed on a graduated scale based on performance.
Underdog Fantasy Investigation | FREE Consultation
We are representing individuals who have lost money gambling with Underdog Fantasy via “PICK’EM” Proposition Bets. If you would like to have a confidential consultation to learn more about your rights and potential ability to have your Underdog Fantasy “PICK’EM” Proposition Bet gambling losses refunded, you may complete the contact form below and a representative from Peiffer Wolf will reach out to you.