By The Weekly Edge desk ·
Legal Sports Report reported that Underdog launched an in-house prediction-market exchange. The launch ends its reliance on outside exchanges and follows its acquisition of Aristotle Exchange businesses four months earlier.
Underdog can operate prediction markets through its own exchange infrastructure.
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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.