Ep. 148: Prime Suspects - September 9, 2026

And Joe, with the NFL on the doorstep, Underdog has killed Best Ball, its founding product, in seven states in order to keep its prediction market business alive.

As with just about any topic these days, this one drew a chorus of disappointment across gambling Twitter.

some people criticizing underdog for abandoning the product that got them to their billion dollar plus sale what's your point of view on this and what's the likelihood other operators will soon face similar choices i think a lot

of operators are going to face this choice here pretty quickly you know where it's like okay you know those two roads diverged in the wood one said prediction markets the other side core business you know we know where the Investor money wants everybody to go.

We know where the street wants everybody to go.

And we know where most of the players want these companies to go.

And that's up the road marked prediction market.

I got to tell you, though, I'm glad I'm not Jeremy Levine and having to make this call because he must really feel like he's operating without a net.

You know, to just sell your company, you know, for nine figures and then turn around and immediately start climbing down your core product in the face of something that not only is brand new, but also is having a bit of a bumpy ride in the courts.

I mean, you just have to look at the court decisions just today that were issued.

You know,

fortune favors the bold.

And Jeremy, he's cashed on two companies, so he knows maybe this will be the third one that he proves to be rather prescient in that.

But as far as players saying, you know, complaining about this, that, and the other thing, you know, abandoning his core product, like, look, this is business.

Okay, let's not be sentimental about that.

Underdog wants to grow their business.

Growth seems to lie down the path of prediction markets and daily fantasy sports.

I mean, when was the last time anybody talked about daily fantasy sports other than those big transactions of prize pits and underdogs? So the only thing that I am concerned about with these guys that come out of DFS Plus is You know, you're getting out the end of the gangplank and you were sawing behind you.

So is the air going to be solid enough underneath them here come 24 months from now, based on what the federal courts may do? Or do they look like, are they very quickly trying to go back and like, hey, what did we do with that core fantasy product? How quickly can we get it back up? You know, how quickly can we reacquire our customers? Well, you got to give them

And Joe, with the NFL on the doorstep, Underdog has killed Best Ball, its founding product, in seven states in order to keep its prediction market business alive.

As with just about any topic these days, this one drew a chorus of disappointment across gambling Twitter.

some people criticizing underdog for abandoning the product that got them to their billion dollar plus sale what's your point of view on this and what's the likelihood other operators will soon face similar choices i think a lot

of operators are going to face this choice here pretty quickly you know where it's like okay you know those two roads diverged in the wood one said prediction markets the other side core business you know we know where the Investor money wants everybody to go.

We know where the street wants everybody to go.

And we know where most of the players want these companies to go.

And that's up the road marked prediction market.

I got to tell you, though, I'm glad I'm not Jeremy Levine and having to make this call because he must really feel like he's operating without a net.

You know, to just sell your company, you know, for nine figures and then turn around and immediately start climbing down your core product in the face of something that not only is brand new, but also is having a bit of a bumpy ride in the courts.

I mean, you just have to look at the court decisions just today that were issued.

You know,

fortune favors the bold.

And Jeremy, he's cashed on two companies, so he knows maybe this will be the third one that he proves to be rather prescient in that.

But as far as players saying, you know, complaining about this, that, and the other thing, you know, abandoning his core product, like, look, this is business.

Okay, let's not be sentimental about that.

Underdog wants to grow their business.

Growth seems to lie down the path of prediction markets and daily fantasy sports.

I mean, when was the last time anybody talked about daily fantasy sports other than those big transactions of prize pits and underdogs? So the only thing that I am concerned about with these guys that come out of DFS Plus is You know, you're getting out the end of the gangplank and you were sawing behind you.

So is the air going to be solid enough underneath them here come 24 months from now, based on what the federal courts may do? Or do they look like, are they very quickly trying to go back and like, hey, what did we do with that core fantasy product? How quickly can we get it back up? You know, how quickly can we reacquire our customers? Well, you got to give them