Underdog Fantasy acquires Aristotle Exchange

Underdog Fantasy agreed to acquire Aristotle Exchange. Reported deal value: $1B. Status: Announced. Sector: Prediction Markets. Target headquarters context: Location not specified.

This page summarizes publicly available information about the transaction as of 2026-03-10. Figures and status may change as filings and press coverage update.

Underdog was founded in 2020 as daily fantasy specialist Firm was valued at US$1bn after Series C round last year Aristotle Exchange is fully compliant with US regulations Underdog Fantasy is continuing its pivot to prediction markets with the acquisition of Aristotle Exchange , allowing it to offer its own event contracts