IG Group agrees to acquire Underdog in deal valued at up to $1.3bn
Deals & M&A · SectorWire deskSource published Updated
Summary
British trading firm IG Group has agreed to acquire Underdog in a deal valued at up to $1.3bn. Underdog is selling for $1.1bn, with earnouts taking the total to $1.3bn. The report also covers a CFTC proposal on vertically integrated exchanges and market makers, and a WNBA video showing two players gambling on their own game.
Why it matters
The acquisition would combine a British trading firm with a US prediction market operator claiming third place in regulated notional volume.
Cite as: SectorWire, “IG Group agrees to acquire Underdog in deal valued at up to $1.3bn”, 31 July 2026, https://sectorwire.news/item/ig-group-agrees-to-acquire-underdog-in-deal-valued-at-up-to-1-3bn/