By SectorWire desk · · Updated
Underdog doubled Q3 revenue ahead of deal completion. The report also said IG lowered its 2026 outlook and described the US prediction markets transaction as worth up to $1.3bn.
Investors face doubled Underdog Q3 revenue alongside IG’s lowered 2026 outlook ahead of deal completion.
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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.
The comments identify regulatory uncertainty as a consideration in IG Group’s Underdog transaction.
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.