All posts tagged: Underdog

Why underdog F1 has a real case for best picture at the 2026 Oscars

Why underdog F1 has a real case for best picture at the 2026 Oscars

There’s an expression in Formula One racing: “outperforming the car.” It refers to a scenario in which a driver delivers outstanding results despite the questionable pedigree of the vehicle itself. You might apply that maxim to F1, the sports drama that has been nominated for four Oscars including, somewhat bafflingly, best picture – despite receiving perfectly average notices across the board and no buzz for its top-line talent. Directed by Joseph Kosinski and starring Brad Pitt, the film combines a “one last chance” narrative with the kind of high-speed car races that only a (reported) $200 million-plus budget can buy. Pitt, who also co-produces, plays Sonny Hayes, an ex-F1 driver whose career stalled after an on-track accident 30 years ago. He’s given a chance to prove he’s still got it when an old friend (Javier Bardem) invites him to race for his new team. It’s an inoffensive throwback to the kind of sports films that Hollywood used to make on the regular. The expected beats all play out in slick, unsurprising fashion (“visceral but corny,” …

Underdog buys Aristotle exchange licenses to launch US sports prediction market

Underdog buys Aristotle exchange licenses to launch US sports prediction market

Underdog is moving deeper into prediction markets after buying two federally regulated exchange entities, a step that will allow the sports gaming company to operate its own U.S. marketplace for event-based contracts. The New York-based firm said Monday (March 9) it acquired Aristotle Exchange DCM, Inc. and Aristotle Exchange DCO, Inc., both registered with the U.S. Commodity Futures Trading Commission. Together, the licenses create the regulatory framework needed to run a derivatives-style exchange. Underdog CEO Jeremy Levine: "The reality is, prediction markets are primarily about sports." Nice to have some actual truth on a Monday morning. — Tom Nightingale (@TNightingaming) March 9, 2026 One entity holds approval as a Designated Contract Market, meaning it can list and facilitate trading in derivatives contracts. The other is registered as a Derivatives Clearing Organization, which manages the clearing and settlement process that ensures trades are finalized and obligations between parties are met. By bringing those capabilities under its own umbrella, Underdog plans to build a federally compliant prediction market platform where users can trade contracts tied to sports …

Underdog faces layoffs regulatory pressure and strategic business pivot

Underdog faces layoffs regulatory pressure and strategic business pivot

Fantasy sports betting firm Underdog, which once boasted hundreds of millions in venture backing and a unicorn valuation, appears to be going through a rocky stretch. In the past week, the business has cut a significant portion of its workforce, reworking parts of its product strategy, as it deals with mounting scrutiny from regulators in several states. Former Underdog employees speak out after widespread job cuts Current and former staffers have turned to LinkedIn to share that they were swept up in the layoffs. One member of the creative team said Underdog “made the decision to eliminate my role in a recent round of layoffs” after four years spent building systems and leading teams — “[a] lot to reflect on.”  Others described themselves as “a casualty of the recent Underdog layoffs,” said they planned to “keep up with contacts,” or noted they had been “impacted by the layoffs at Underdog.” Former Underdog employee shares layoff update. Credit: LinkedIn Many added the hashtag #OpenToWork, thanked colleagues, and voiced confidence about what comes next. One former employee …

Underdog launches team parlays to challenge multi-pick sports betting markets trend

Underdog launches team parlays to challenge multi-pick sports betting markets trend

Betting and stats giant Underdog has launched a new team parlays feature to rival the growing trend of multi-pick wagers on event contracts. A traditional Same Game Parlay (SGP) in the licensed sports betting world includes lines from one game, and when stacked, gives higher odds. Multiple-event pick wagers have long been a staple of regulated, state-licensed betting involving the outcomes of multiple team events. This could be the moneyline for multiple NBA, NFL, and MLB matchups, for example. Underdog’s team parlays are an attempt to compete with state-regulated sports markets and to offer multiple cross-sport team picks in a single outcome, in addition to the existing team picks feature in the app. Underdog launches team parlay feature In a post on X, Underdog shows three basketball teams and one NFL team as part of a single outcome parlay. Team Parlays are live! You can now combine up to 4 team picks in a single entry pic.twitter.com/SRueAw4Pzk — Underdog (@Underdog) February 2, 2026 Underdog teased this feature as part of its team-up with Crypto and …

The End of the Underdog in College Football

The End of the Underdog in College Football

The Indiana Hoosiers will take the field for college football’s National Championship game Monday night as the darlings of the sports world. Their head coach, Curt Cignetti, perpetually scowling beneath his 1950s crew cut, is fuel for countless memes. Their Heisman Trophy–winning quarterback, Fernando Mendoza, baby-faced and giving “glory to God” in his postgame interviews, is a midwestern star straight out of central casting—nevermind that he’s from Miami, the hometown of his Monday-night rivals. These two men, along with a team that Mendoza has described as “a bunch of misfits,” have led the long-hapless Hoosiers to the cusp of a national title for the first time ever. Win or lose, they’re being called one of the greatest underdog stories in recent sports history. The Hoosiers are, I will concede, a great story. As a midwesterner, a graduate of a Big Ten school, and someone who has spent a lot of time in Indiana, I will be pulling for them in the championship game. Unlike their opponent, the Miami Hurricanes, Indiana has never achieved anything notable …