Underdog

Underdog

Spectator Sports

Brooklyn, NY 41,280 followers

Underdog is one of the fastest-growing fantasy sports companies on the market.

About us

We’re the fastest-growing sports gaming company ever. Our mission is to build innovative games and products for American sports fans. Founded in 2020, our team built three of today's most widely played fantasy games and successfully launched the largest contest in the history of fantasy sports: a $15M NFL Best Ball tournament -- and there’s a lot more to come! Underdog’s modern tech environment and in-house product development allow us to continuously deliver the best experiences for our users.

Website
https://underdogfantasy.com
Industry
Spectator Sports
Company size
201-500 employees
Headquarters
Brooklyn, NY
Type
Privately Held
Founded
2020
Specialties
sports, gaming, and fantasy

Locations

Employees at Underdog

Updates

  • View profile for Jeremy Levine, graphic

    Underdog

    I couldn’t be more excited about Underdog’s future. We have an amazing community, and nearly 300 wonderful people on our team. BBMIV is the largest fantasy contest ever, with $15m in prizes. Our Pick’em games are wildly popular. Our content network is world-class. We’re building an entirely new vision for sports betting in America, all in-house. But success brings challenges: FanDuel and DraftKings are working to slow us down. You should know what they’re trying to do. They are coordinating their lobbyists, market power, partners and years of political contributions to try to stop us and other fantasy companies. Why? Underdog and other companies innovating in fantasy sports and sports betting threaten their monopoly. They’ve seen our company, and others, produce superior products and challenge them for sports fans’ attention. They can’t raise their own game because they can’t innovate. They’re scared that we’ll challenge their market positions. We’re already bigger in fantasy. They can’t tell policymakers and others they don’t like competition, so FanDuel-DraftKings are using a disingenuous narrative that our fantasy sports contests are illegal. The arguments are ironic, ignoring the law for the same flimsy “feels like sports betting” line that critics have always lobbed at their fantasy sports contests. Despite a year of effort, they’re losing the fight with regulators. A clear, simple fantasy sports legal framework exists because of the laws they wrote. A fantasy sports contest must have three core elements (game of skill, multiple athletes, outcomes based on accumulated statistics), which all of our games fit perfectly. In nearly every state where a sports betting law has been passed, the law makes crystal clear that fantasy sports are not sports betting. Regulators agree that our contests are fantasy and not betting, including regulators who oversee both fantasy and betting in Arizona, Colorado, and Indiana. The North Carolina Legislature and Alabama Attorney General recently said we’re right. This isn’t a good-faith fight on the legal merits; it’s a convenient mask for a pure anti-competitive effort. They want to prevent consumers from playing the fantasy sports they love. They want to quash competition in fantasy and stop innovation, and potential rivals, in sports betting. Unable to innovate with new sports games, they are trying to ensure fantasy sports are limited to a very narrow category of games. They want American sports fans to have only one outlet for sports games: the tired old casino sportsbook. We have a different vision. We’ve shown how innovation can bring about new games that our fans love, and ways for our players to increase their enjoyment of sports. We’ll keep innovating, with many new games for fans in our future. And we’ll win this fight to ensure the future of sports games in America serve the fans and not only the interests of big tech monopolies. https://lnkd.in/ekU5_QPf

    Underdog Fantasy: Pick'em and Season-long Fantasy for NFL, NBA & more

    Underdog Fantasy: Pick'em and Season-long Fantasy for NFL, NBA & more

    underdogfantasy.com

  • We are proud to partner with Socure to implement Know Your Customer (KYC) controls that match global banking standards and set a new bar in the sports gaming industry.

    View organization page for Socure, graphic

    28,963 followers

    Underdog, now the fourth most downloaded sports gaming app in the U.S., was challenged by the manual review processes that led to long waiting times for players. It needed a strategic partner to help balance automation and manual intervention, and create global-bank level security for its KYC controls — all so it can onboard more good users faster. This is where Socure comes in. 👉 By partnering with Socure, Underdog implemented global bank-level security for its Know Your Customer (KYC) controls, setting a new standard in the sports gaming industry and ensuring a secure, seamless experience for its rapidly growing user base. Socure helped Underdog achieve: 🚀 A 300% reduction in manual reviews, from 20% to just 5%. 💫 97% auto-decisioning with ID document verification. In the words of Underdog’s VP of Fraud and Payments Karl Gambin, MA, ACAMS, “Underdog prides itself on going above and beyond regulatory requirements, adopting a player-centric approach where the safety and integrity of the platform are constantly at the forefront. Our partnership with Socure has been instrumental in achieving this goal." Read the full case study here 🔗 https://lnkd.in/gtufDuUi

  • We’ve brought in an experienced industry vet, Will Twinn, to grow our in-house pricing capabilities and expand innovation and operational excellence on our trading desk. Will spent 13 years at Flutter, and was part of the key group of imports into the U.S. in 2019 that helped build the FanDuel business. We are building a world class sports modeling team to create next-generation pricing models. We see a real opportunity to innovate and differentiate on fantasy and sportsbook, by being player-focused and giving users more intuitive and engaging ways to play. Welcome Will! From Eilers & Krejcik Gaming, LLC: https://bit.ly/4eaBOUK

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  • "In the rush to set up shop in the U.S, numerous legacy sportsbooks imported a traditional model…the outdated product has opened up gaps for newcomers to introduce more customer-friendly offerings, he indicated." Jeremy Levine, Underdog founder and CEO, spoke with Action Network about product innovation and what’s next for Underdog. Read more ⤵️

    Underdog CEO Levine Touts Product, Speed as DFS-Sportsbook Approaches Next Steps

    Underdog CEO Levine Touts Product, Speed as DFS-Sportsbook Approaches Next Steps

    actionnetwork.com

  • "How can technology enhance responsible gaming? Technology must enhance responsible gaming. That’s the only way we are going to get there” - David Rebuck, former Director, New Jersey Division of Gaming Enforcement. We had an extraordinary panel of experts moderated by our head of Responsible Gaming, Adam Warrington, including Brianne Doura-Schawohl, Jonathan Aiwazian, Simo Dragicevic, and David Rebuck, discussing the role technology can, and must, play in responsible gaming at our annual GuardDog Responsible Gaming panel at G2E. Underdog launched GuardDog with the goal of incubating early-stage startups like idPair and The Game Safety Institute who are fostering innovation in responsible gaming. We are proud of this mission and know it necessitates fresh, creative ideas from the best and the brightest. Their work will create a stronger and more responsible ecosystem for both operators and players.

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  • We’re excited to share that Underdog is #15 on the 2024 LinkedIn Top Startups list in the United States! As the only sports gaming company to make the list, we’re being recognized for employment growth, engagement, job interest and attraction of top talent. A reflection of the hard work that the Underdog team puts in each day, we’re honored to receive this recognition from LinkedIn for the second consecutive year. There’s still a lot more to come as we continue to grow and build the best games and content for sports fans! #LinkedInTopStartups

    LinkedIn Top Startups 2024: The 50 U.S. companies on the rise

    LinkedIn Top Startups 2024: The 50 U.S. companies on the rise

    LinkedIn News on LinkedIn

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Funding

Underdog 3 total rounds

Last Round

Series B

US$ 35.0M

See more info on crunchbase