The New York-based company has agreed to a partnership with digital fraud protection company Sift to improve the efficiency of transactions and protect users from fraud.
Sift, which uses machine learning, will help Underdog identify stolen payment methods. As a result, Underdog will reduce fraudulent chargebacks that impact the platform’s legitimate users.
“Sift’s industry expertise and innovative use of machine learning allows us to instantly identify and block emerging fraud threats without creating hurdles for our players,” said Underdog COO and CFO Dustin Cooper. “This partnership will help us further ensure our players can trust that Underdog will give them a fun, fair, and secure environment to increase their enjoyment of sports.”
Underdog landing a deal with Sift comes as daily fantasy sports operators face regulatory scrutiny. Several states, including Michigan, have taken a stance on ..