Legal Sports Report reported that Underdog has begun offering drive-by-drive NFL prediction markets, with an Underdog product director telling the outlet he believes the offering is the first of its kind in the market.
According to Legal Sports Report, the contracts surfaced on social media during the Monday Night Football matchup between Buffalo and Minnesota. The markets ask participants to predict the outcome of the next drive, as well as which player will haul in a reception during that drive.
Legal Sports Report said it contacted the Commodity Futures Trading Commission to ask whether the new markets qualify as micro contracts and whether the agency would seek a pause or removal of the product. The CFTC had not responded to that request for comment at the time the report was published.
Originally reported by Legal Sports Report.
