Underdog confirms $1.3B acquisition by IG Group

By Alla Basentsyan•August 3, 2026

The brief

Financial technology and crypto trading firm IG Group has announced that it has made a $1.3 billion bid to acquire daily fantasy sports and prediction markets operator Underdog. The deal was first announced on July 30, 2026, just 2 weeks after Underdog revealed its in-house sports event contracts exchange. The acquisi…

Original report

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