British company IG Group has agreed to acquire Underdog for $1.3 billion, marking a major bet on US prediction markets. This was reported by Qazaqyia.kz citing Reuters.
The deal is part of IG Group's strategy to expand into the US prediction market. Underdog is a platform that allows users to place bets on sports and other events. The acquisition will help IG Group strengthen its position in the US financial prediction market.