IG Group has agreed to acquire Underdog in a deal value up to $1.3 billion, shopping for the fantasy sports activities firm simply 12 days after it launched prediction markets by means of its personal federally regulated alternate. The acquisition brings collectively a serious international on-line brokerage and derivatives buying and selling firm with a…
Major fantasy sports activities firm Underdog seems poised to start working its personal prediction market trade as quickly as this week after self-certifying the primary contracts for its newly acquired platform. Aristotle Exchange DCM, now working as Underdog Exchange, or UDX, filed seven baseball and basketball occasion contract templates with the Commodity Futures Trading Commission…
Underdog is transferring deeper into prediction markets after buying a federally regulated change and clearinghouse from Aristotle. The fantasy sports activities operator introduced Monday that it bought Aristotle Exchange DCM, Inc. and Aristotle Exchange DCO, Inc., entities authorised by the Commodity Futures Trading Commission (CFTC) in September 2025 as a Designated Contract Market (DCM) and…