By The Weekly Edge desk · · Updated
Underdog sued Tennessee officials on Tuesday over a directive to withdraw sports event contracts, reported by SBC Americas. The report says the state's action also threatens Underdog's fantasy licence.
The dispute puts Underdog's sports event contracts and fantasy licence in Tennessee at risk.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
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.