By The Weekly Edge desk ·
EGR reported that IG Group agreed to acquire Underdog for consideration capped at $1.3bn. Eligible Underdog employees could participate in an incentive scheme worth as much as $850m.
The transaction would extend IG Group into 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 proposed purchase would give IG Group an entry into US prediction markets.