By SectorWire desk ·
The report said that IG Group chief executive Breon Corcoran acknowledged regulatory uncertainty around prediction markets. He told analysts the Underdog acquisition was based on product quality and the team despite ongoing event-contract disputes.
The comments identify regulatory uncertainty as a consideration in IG Group’s Underdog transaction.
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Corcoran’s comments raise questions about prediction platforms’ volume reporting and legal uncertainty surrounding sports event contracts.
IG Group says it is prepared for a potential adverse Supreme Court ruling on sports event contracts.
The lawsuit challenges Tennessee’s ability to apply state wagering laws to Underdog’s event contract platform.
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.