By The Weekly Edge desk ·
IG Group has agreed a $1.1bn purchase of US sports company Underdog, SBC News reported. The planned transaction would combine retail trading, sports gaming and prediction markets.
The proposed purchase would give IG Group an entry into US prediction markets.
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The comments identify regulatory uncertainty as a consideration in IG Group’s Underdog transaction.
IG Group’s sports betting licence application follows its acquisition of US prediction market Underdog.
Investors face doubled Underdog Q3 revenue alongside IG’s lowered 2026 outlook ahead of deal completion.
The planned transaction would bring regulated exchange and clearing capabilities into IG’s prediction-market expansion.
The acquisition adds Underdog’s gaming and prediction market business to IG Group.
The transaction would extend IG Group into prediction markets.