Operator v. state
Underdog Exchange DCM, Inc. v. Skrmetti
U.S. District Court for the Middle District of Tennessee, 3:26-cv-01461
Pending
Complaint filed Oct. 13, 2026 by Underdog Exchange DCM, Inc. and UDM, LLC; assigned to Judge William L. Campbell. Initial case-management conference set for Jan. 28, 2027. No TRO or PI motion shown as of Oct. 13, 2026.
The question
Whether the Commodity Exchange Act preempts Tennessee gambling or sports-wagering law as applied to event contracts listed on a CFTC-designated contract market.
Underdog Exchange DCM, Inc. sued Tennessee officials in federal court seeking declaratory and injunctive relief against application of state gambling law to its event contracts. It was filed less than three weeks after the Sixth Circuit vacated Kalshi's Tennessee injunction.
Docket timeline
Complaint filed.
Source: dockets.justia.com