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Underdog’s time as a traditional sportsbook in North Carolina is officially winding down.
The company told customers this week that sports betting will disappear from its app next Wednesday, marking a full pivot toward the booming world of prediction markets.
The decision surprised a few North Carolina bettors, although the signs were already flashing in November when Underdog pulled out of its planned Missouri launch.
A Sudden Goodbye to North Carolina Sports Betting
Underdog’s website now confirms what many expected: their online sportsbook is shutting down in North Carolina, its only live betting market. The app will stop accepting wagers on December 16, with all outstanding bets settled by December 18.
Futures that would normally have resolved later will be paid out as wins, a generous touch for anyone holding long-term tickets.
Customers don’t need to scramble to withdraw their balances either. Accounts will stay active for daily fantasy sports, so withdrawable funds remain accessible at any time. Bonus funds will convert to withdrawable cash, softening the landing a bit for players who still have promo credit sitting around.
Underdog’s Customer Approach Stands Out
The company appears determined to leave a good final impression as a sportsbook. Its shutdown FAQ emphasizes that payouts will be made in “the maximum amount,” even for parlays with legs extending beyond the closure date. The clear message is that the brand wants to keep players engaged in its DFS and predictions ecosystem rather than create friction at exit.
North Carolina regulators confirmed the closure timeline as well, noting that Underdog reached out before Thanksgiving to announce the business decision. A consumer notice and a full FAQ will be posted on ncgaming.gov so bettors can double-check their next steps.
Prediction Markets Take Priority
Underdog’s pivot didn’t happen overnight. The company quietly rolled out sports predictions in 16 states back in September through a partnership with Crypto.com. It later expanded that footprint to 25 states, but never signaled that sports betting would be left behind.
Momentum toward predictions became clearer when Underdog pulled out of its Missouri sportsbook launch just days before the state went live on December 1. Missouri gaming officials even hinted at the appeal: prediction markets face fewer regulatory hurdles and no taxes, making them far more attractive from a business standpoint.
North Carolina Betting Landscape Moves On
The Tar Heel State loses one operator in the shuffle, dropping from eight online sportsbooks to seven. The field still includes FanDuel, DraftKings, BetMGM, Fanatics Sportsbook, Caesars, bet365, and theScore Bet, which recently replaced ESPN Bet after Penn and Disney ended their partnership.
North Carolina bettors continue to wager at a high clip, with another $800 million-plus month reported in November. The market remains strong, even as Underdog steps aside.
Underdog isn’t leaving the state altogether. Its DFS platform stays fully operational, and predictions may be the next feature locals see. The sportsbook chapter closes next week, but the brand clearly believes a bigger opportunity lies ahead.
