IG Group News & Prediction Market Coverage
Track the latest IG Group news across prediction markets. Prediction News is following 2 active IG Group stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
Frequently Asked Questions
What is IG Group's acquisition of Underdog?
IG Group agreed to acquire Underdog for up to $1.3 billion in a deal announced July 30, 2026, expected to close late 2026 or early 2027. Underdog will operate as a standalone brand, giving IG ownership of a CFTC-registered Designated Contract Market.
Why is IG Group buying into prediction markets?
The acquisition establishes IG as a leader in U.S. prediction markets and accelerates growth in the world's largest retail trading market by securing owned exchange infrastructure rather than relying on partner rails.
Does IG Group operate a CFTC-registered exchange?
Through the pending Underdog acquisition, IG will gain Underdog's CFTC-registered Designated Contract Market and the Aristotle Exchange DCM infrastructure it previously acquired.
When will the IG Group Underdog deal close?
The transaction is expected to close in late 2026 or early 2027, subject to regulatory approvals and other conditions.
What risks does the Underdog acquisition carry for IG Group?
The late-2026 closing window carries risk if legislation or enforcement shifts before completion, potentially leading to renegotiation or a stranded asset.