MyBookie vs Underdog looks, at a glance, like two betting apps going head to head. It isn’t — Underdog stopped taking straight bets in December 2025, and what’s left of it now is a DFS pick’em product and a brand-new federally licensed prediction exchange. MyBookie is the one still running a sportsbook, and it has been since 2014, entirely offshore. The comparison that matters isn’t which is better; it’s which product each one actually still offers.
MyBookie vs Underdog, by the numbers
| MyBookie | Underdog | |
|---|---|---|
| What it is | Offshore sportsbook, casino & racebook (2014–) | DFS pick’em app + Predict exchange (2020–) |
| License | Curaçao eGaming (Duranbah Limited N.V.) — no US state license | State DFS exemption / state license (Pick’em Champions); CFTC-registered DCM/DCO/FCM (Predict) |
| Sportsbook betting | Yes — full sportsbook, live and prop menu | No — shut down nationwide December 2025 |
| Regulatory action | Michigan and Florida cease-and-desist letters, Jan–Feb 2025 | $17.5M New York settlement, March 2025 (exited NY) |
| Payout speed | Crypto: 12–24 hours; bank wire: up to 7 business days | PayPal/Venmo/Trustly: roughly 1–3 days |
| Blocked states (public list) | None published | CT, HI, ID, IA, LA, ME, MT, NV, WA |
Is MyBookie or Underdog Legal?
Underdog is the one that can point to actual American paperwork. Classic Pick’em operates under the state-level DFS exemption in roughly 15 states, and the peer-to-peer Pick’em Champions product is licensed state by state, a process that started in New Jersey and Delaware in March 2025. MyBookie has no US state license of any kind — its Curaçao eGaming license is real regulation, just not American regulation, and the Michigan Gaming Control Board and Florida Gaming Control Commission both sent formal cease-and-desist letters to the operator within two weeks of each other in early 2025.
Two very different kinds of trouble. MyBookie’s 2025 regulatory attention was two state cease-and-desist letters aimed at an operator that was never licensed to begin with. Underdog’s was a $17.5 million settlement with New York over contests regulators said exceeded a permit it did hold — the difference between never having permission and overstepping the permission you had.
Is MyBookie or Underdog More Legit?
Both have real, documented histories. MyBookie has operated continuously since 2014, long enough that offshore sports-betting forums treat its payout record as a known quantity. Underdog is younger but generates the kind of public trail an offshore book never does — a named regulator, a specific dollar settlement, and now CFTC registrations (Designated Contract Market, Derivatives Clearing Organization, Futures Commission Merchant) backing its Predict exchange. Neither track record is spotless. Both are verifiable, which is the more useful bar than "spotless."
How Safe Is Each One?
MyBookie’s safety case is a decade-plus of documented crypto payouts under a genuine, if light-touch, Curaçao license — with no US agency able to force a payout if something goes wrong. Underdog’s safety case is the opposite shape: a US company answerable to state regulators and, for Predict, the CFTC, but confined to whichever product is actually approved in your state. They’re not competing on the same axis so much as offering two different trade-offs — offshore reach with no recourse, versus US recourse with a narrower map.
Sportsbook vs DFS: Not the Same Product
This is the part a "vs" headline can obscure. MyBookie runs a traditional sportsbook — moneylines, spreads, totals, and a deep prop menu — plus casino games and a racebook. Underdog does not run anything like that anymore; Classic Pick’em and Pick’em Champions are projection-based contests, not bets against a book, and Predict is a prediction-market exchange trading contracts, not sports odds. A reader who specifically wants to bet a game has exactly one option between these two.
Which One for Who
- Pick MyBookie if: you want to actually place a sports bet, are comfortable with crypto and offshore licensing risk, and value a decade-long payout track record over US regulatory backing.
- Pick Underdog if: you want DFS-style pick’em contests under a real state exemption or license, live in one of its approved states, and would rather stay inside US-regulated products — including the new Predict exchange — than go offshore.
The bottom line: MyBookie and Underdog aren’t really competitors. One is an offshore sportsbook that never asked permission; the other is a US DFS company that gave up its sportsbook rather than keep expanding one it had to fight for. Pick based on which product you actually want, not on which name sounds more familiar. This is entertainment spending either way, never a way to make money.