By The Weekly Edge desk · · Updated
Underdog doubled Q3 revenue ahead of deal completion, European Gaming reported. 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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IG Group’s sports betting licence application follows its acquisition of US prediction market Underdog.
The suit contests state authority over Underdog’s prediction market and follows a ruling against Kalshi.
FanDuel and DraftKings face competition from Kalshi and Polymarket for sports betting customers as the NFL season approaches.
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.
Underdog seeks to prevent regulators in five states from banning its prediction markets after surrendering seven states’ fantasy sports licences.