By The Weekly Edge desk ·
SBC Americas reported that Underdog launched the wholly owned Underdog Exchange. The operator had previously provided access to prediction contracts before establishing its own exchange.
The launch gives Underdog direct ownership of a prediction market exchange.
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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.
The comments identify regulatory uncertainty as a consideration in IG Group’s Underdog transaction.
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.