Underdog Exchange DCM, Inc. v. Tong

Filed; no ruling2d Cir.Platform v. State

Docket last checked September 22, 2026. Snapshot — not legal advice.

As of September 25, 2026, the legality of prediction markets in Connecticut is unresolved — litigation is ongoing with no final ruling yet. Connecticut status and cases →

Overview

The first platform to sue over Connecticut’s September 10, 2026 cease-and-desist orders. Underdog’s exchange arm filed on September 15, 2026, five days after it received one, attaching the order as its first exhibit and asking for a declaration that the Commodity Exchange Act preempts Connecticut’s gambling law as applied to its sports event contracts, and a permanent injunction. It drew Judge Stefan R. Underhill, not Judge Vernon D. Oliver, who has every other Connecticut prediction-market case; Underdog filed a notice of related case, so a transfer is possible. The pretrial order sets discovery to close March 17, 2027 and dispositive motions for April 21, 2027. No injunction motion appears on the public docket yet. (Caption, docket and schedule confirmed via CourtListener.)

Changes

Logged September 22, 2026

  • New case

    Underdog became the first platform to sue over Connecticut’s September 10 cease-and-desist orders, seeking a declaration that federal law preempts the state’s gambling law.

    CourtListener — 3:26-cv-01499

Timeline

September 15, 2026

Underdog sues Connecticut’s Attorney General and consumer-protection regulators over the September 10 cease-and-desist.

What's next: Awaiting service and a responsive pleading. Amended pleadings are due November 16, 2026; discovery closes March 17, 2027.

Parties

Plaintiffs

  • Underdog Exchange DCM, Inc.
  • UDM, LLC d/b/a Underdog Predict

Defendants

  • William Tong (Connecticut Attorney General)
  • Bryan T. Cafferelli (Commissioner, Connecticut Department of Consumer Protection)
  • Kristofer Gilman (Gaming Director, Department of Consumer Protection)
This page is informational, not legal advice. Nearly every entry in this tracker is a preliminary ruling under appeal. Always verify a platform's current, location-specific eligibility directly with the venue before relying on this page.