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UK's IG Group bets big on US prediction markets with $1.3 billion Underdog deal

July 30 : Britain's IG Group said on Thursday it has agreed to acquire U.S. daily fantasy sports and prediction markets operator Underdog for up to $1.3 billion, deepening its push into the fast-growing U.S. retail trading market.The deal includes an upfront consideration based on an enterprise value of about

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channelnewsasia.comStai leggendo20 g fa

UK's IG Group bets big on US prediction markets with $1.3 billion Underdog deal

IG Group acquires U.S. prediction markets operator Underdog for $1.3 billion, establishing market leadership in fast-growing retail trading segment. Signals prediction markets as major expansion vector despite emerging regulatory framework; IG forecasts double-digit EPS accretion by year three.

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Underdog Sold to UK’s IG Group in Potential $2.15B Deal

IG Group acquires Underdog for $1.1B upfront, potentially $2.15B based on 2028-29 EBITDA. Major trading platforms consolidate around prediction markets over sports betting—a less-saturated segment now central to enterprise retail GTM and M&A strategy.

UK's IG Group bets big on US prediction markets with $1.3 billion Underdog deal

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UK's IG Group bets big on US prediction markets with $1.3 billion Underdog deal

Underdog Sold to UK’s IG Group in Potential $2.15B Deal

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UK's IG Group bets big on US prediction markets with $1.3 billion Underdog deal

UK's IG Group agrees to buy sports gaming firm Underdog for up to $1.3 billion

Underdog’s $1.3B Sale Agreement Reveals New Details About Company

Underdog’s $1.3B Sale Agreement Reveals New Details About Company

Underdog Sold to UK’s IG Group in Potential $2.15B Deal

Adam Schefter Among Investors to Cash In on Underdog Sale