By The Weekly Edge desk ·
Underdog launched its own prediction-market exchange, Casino.org News reported. The launch follows previously announced exchange acquisitions and gives it greater control over event-contract trading economics.
Owning the exchange lets Underdog retain greater control over its event-contract business.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
The suit contests state authority over Underdog’s prediction market and follows a ruling against Kalshi.
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.