Sports betting company Underdog confirms Adam Schefter was early investor amid potential $2.15B sale

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Sports betting company Underdog confirmed that ESPN NFL insider Adam Schefter was an early investor ahead of a potential $2.15 billion sale. The company transitioned from a daily fantasy brand to a sports-focused prediction market with a significant content network.

Adam Schefter appears to have cashed out from the billion-dollar sale of a popular sports betting company. The ESPN NFL insider was an “early-stage investor” in Underdog, which began as a daily fantasy brand, later added a content network, and has since morphed into a sports-focused prediction market. Underdog confirmed Schefter’s investment to Front Office…