{"id":136,"date":"2026-10-01T13:21:19","date_gmt":"2026-10-01T13:21:19","guid":{"rendered":"https:\/\/powercraft.site\/underdog-hiring-for-director-of-trading-and-risk-as-sportsbook-investment-intensifies\/"},"modified":"2026-10-01T13:21:19","modified_gmt":"2026-10-01T13:21:19","slug":"underdog-hiring-for-director-of-trading-and-risk-as-sportsbook-investment-intensifies","status":"publish","type":"post","link":"https:\/\/webcrate.site\/index.php\/2026\/10\/01\/underdog-hiring-for-director-of-trading-and-risk-as-sportsbook-investment-intensifies\/","title":{"rendered":"Underdog hiring for director of trading and risk as sportsbook investment intensifies"},"content":{"rendered":"
Fantasy sports start-up Underdog is seeking a new director of trading and risk as it looks to build a sportsbook following a $30m funding round last month.<\/strong><\/h6>\n

The New York-based business, which is now valued at $485m, has kicked off an aggressive recruitment drive as it prepares to diversify beyond DFS and into real-money wagering.<\/p>\n

The director of trading and risk position is the first to be publicly advertised by the firm.<\/p>\n

The successful applicant will act as the leader of sports trading within the business and will own sports betting liabilities and KPIs across all product verticals.<\/p>\n

They will also be tasked with leading and developing a team of traders focused on US sports, as well as well as ensuring compliance of a \u201csports betting trading platform\u201d within the current US regulatory landscape.<\/p>\n

The job posting reads: \u201cUsing its own proprietary sports trading platform, Underdog is launching its innovative sports betting experience into the US-regulated marketplace and is looking for someone to lead the trading operations for the business.<\/p>\n

\u201cThe director of trading and risk will work alongside the key stakeholders to implement trading and risk strategies to complement Underdog\u2019s unique approach to the US market, while delivering a fun and safe product to consumers.\u201d<\/p>\n

Candidates are expected to have experience in managing a modern-day sports trading team, combined with knowledge of quantitative analysis and an understanding of behavioural trends.<\/p>\n

The position is remote as Underdog is a remote-first company, offering a $500 home office allowance to new employees.<\/p>\n

Investors in the company include US billionaire Mark Cuban, New York rap legend Nas and former Paddy Power Betfair CEO Breon Corcoran.<\/p>\n

The job was posted to LinkedIn by Underdog head of go to market strategy Matt Garrigan, who was previously director of new market strategy at US market leader FanDuel.<\/p>\n

FanDuel and key sports betting rival DraftKings were both born out of DFS companies and Underdog is looking to emulate a similar trajectory.<\/p>\n

However, the company is seeking to do something different to those two behemoths, according to founder and CEO Jeremy Levine.<\/p>\n

\u201cThere are 55 brands out there [in licensed betting] and they are all trying to do the same thing as FanDuel and DraftKings,\u201d said Levine at iGaming NEXT NYC \u201922 in May.<\/p>\n

\u201cI don\u2019t think very many of them will succeed in playing the same game,\u201d he added. \u201cWe are trying to do something very different in that we view ourselves as a games studio in a licensed betting environment, and not a sportsbook company.\u201d<\/p>\n

<\/span>
\n <\/p>\n","protected":false},"excerpt":{"rendered":"

Fantasy sports start-up Underdog is seeking a new director of trading and risk as it looks to build a sportsbook following a $30m funding round last month. The New York-based business, which is now valued at $485m, has kicked off an aggressive recruitment drive as it prepares to diversify beyond DFS and into real-money wagering. […]<\/p>\n","protected":false},"author":1,"featured_media":137,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,2],"tags":[48,49,50,47],"class_list":["post-136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-betting","category-webcrate","tag-daily-fantasy-sports","tag-sportsbook","tag-underdog","tag-us-sports-betting"],"_links":{"self":[{"href":"https:\/\/webcrate.site\/index.php\/wp-json\/wp\/v2\/posts\/136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/webcrate.site\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/webcrate.site\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/webcrate.site\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/webcrate.site\/index.php\/wp-json\/wp\/v2\/comments?post=136"}],"version-history":[{"count":0,"href":"https:\/\/webcrate.site\/index.php\/wp-json\/wp\/v2\/posts\/136\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/webcrate.site\/index.php\/wp-json\/wp\/v2\/media\/137"}],"wp:attachment":[{"href":"https:\/\/webcrate.site\/index.php\/wp-json\/wp\/v2\/media?parent=136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/webcrate.site\/index.php\/wp-json\/wp\/v2\/categories?post=136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/webcrate.site\/index.php\/wp-json\/wp\/v2\/tags?post=136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}