Underdog Acquires Aristotle Exchange

New York-based Underdog announced Monday it has acquired Aristotle Exchange DCM (Designated Contract Market) Inc. and Aristotle Exchange DCO (Derivatives Clearing Organization).

Both exchanges are federally registered with the Commodity Futures Trading Commission (CFTC). Currently, Aristotle runs Predictit, and will retain control of the political predictions market.

Monday's announcement enables Underdog to move forward to offer its own federally-compliant prediction market exchange. Last September, Underdog offered access to sports prediction markets within their app.

“We look forward to working with the CFTC to offer an exchange that brings even more options to enjoy sports to our customers,” said Jeremy Levine, CEO and Co-Founder of Underdog said in a news release. “We’re in the early innings of what prediction markets can be, especially for sports fans. We’ll use this opportunity to bring the same relentless focus on innovation and experience that we’ve always brought to our customers. The reality is, prediction markets are primarily about sports and no company knows how to engage with sports fans and create products for sports fans better than Underdog.”

In the future, Underdog’s exchange will allow customers to access sports event contracts, cultural events, and more. Currently, they offer access to prediction markets as an intermediary to other exchanges.,Founded in 2020, Underdog is operational in 46 states plus Washington, D.C., but Monday's news indicates that the new offering will include all 50 states.

Looking for more news and updates? Head over to our Ballislife Play page.

Play

LIV Golf, Novig Announce Partnership

One day prior to the 90th edition of The Masters teeing off, one golf tour had an announcement of their own. LIV Golf announced Wednesday a new partnership with prediction market Novig, using player integration starting with golf's first major tournament of the season. It is the first time a ...

by Lou Monaco

Apr 09, 2026

Play

CFTC lawsuits could get debate over prediction markets and state sovereignty to a resolution sooner

by Derek Helling

Apr 07, 2026

Play

Prolonged dispute between card rooms and tribal casinos in California looks primed to endure several more years

by Derek Helling

Apr 03, 2026

Play

Virginia is Still for Land-Based Gaming Lovers

by Derek Helling

Apr 02, 2026

Play

Can we start ignoring ‘polls’ about the popularity of legalizing online casinos yet?

by Derek Helling

Apr 02, 2026