BLAST announced a partnership with Underdog Fantasy covering three esports events in 2025. Underdog branding will appear on English-language broadcasts and arena assets, and the company will feature in a BLAST.tv minigame for US and Canadian audiences. Financial terms were not disclosed.
The agreement gives Underdog brand exposure across three esports events and a fan minigame.
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Reportedly, IG Group has agreed a $1.1bn purchase of US sports company Underdog. The planned transaction would combine retail trading, sports gaming and prediction markets.
Underdog has added Kalshi event contracts to its website, alongside markets from Crypto.com. The arrangement uses Underdog’s status as a registered futures commission merchant; its affiliate UDM LLC received National Futures Association approval to operate as an FCM and swap firm on 9 January.
Underdog has purchased Aristotle Exchange DCM and Aristotle Exchange DCO, two CFTC-registered businesses, to support its own prediction market exchange. The transaction’s financial terms were not disclosed; Underdog previously launched sports prediction markets in its app through a partnership with Crypto.com.
Underdog announced it had acquired Aristotle Exchange, reportedly gaining access to a Designated Contract Market and Derivatives Clearing Organization registered with the CFTC. The company said the acquisition will enable it to offer sports event contracts and other markets through its own platform, rather than relying on external contract providers.
Underdog said it acquired Aristotle Exchange DCM and Aristotle Exchange DCO, which are registered with the Commodity Futures Trading Commission. The company said the deal will allow it to offer sports and other event contracts through its own exchange.