IG Group Buys Underdog to Break Into US Prediction Markets
IG Group agreed to buy Underdog for up to $1.3 billion on 30 July 2026, betting on US prediction markets and a licence stack spanning broker to clearing house.
Market entries, exits, and the shifting competitive landscape of global iGaming.
IG Group agreed to buy Underdog for up to $1.3 billion on 30 July 2026, betting on US prediction markets and a licence stack spanning broker to clearing house.
Flutter Entertainment ended nearly 26 years of London Stock Exchange trading on 3 August 2026, leaving its shares listed solely on the New York Stock Exchange.
Ireland's Gambling Regulatory Authority began issuing B2C remote betting licences on 1 July 2026, ending years of unregulated online betting access in Ireland.
Alberta's regulated iGaming market opened 13 July 2026 with 22 operators live day one, ending PlayAlberta's monopoly on a dual-track model copied from Ontario.
The UAE built a federal gaming regulator, a national lottery and a Wynn casino licence before any casino opened. UAE commercial gaming is a market by design.
India's Promotion and Regulation of Online Gaming Act bans all real-money online games regardless of skill, wiping out a US$3.2bn market and its biggest apps.
A betting exchange takes no margin and never limits winners, yet thin liquidity and CFTC prediction markets have kept the model a niche in US sports betting.
Africa online betting is the industry's fastest-growing frontier, built on mobile money across South Africa, Kenya and Nigeria and threatened by tax swings.
In Latin America online gambling, Colombia and Peru show the next markets are won on tax stability, not market size, after both damaged their regulated books.
US iGaming legalization has stalled at eight states while sports betting spread nationwide. The reasons are structural, and they cap operator growth for years.
UK Remote Gaming Duty rose from 21% to 40% on 1 April 2026. Flutter and Entain flagged nine-figure profit hits as operators rebuild their UK product mix.
Rising US sports betting taxes, led by Illinois's per-wager fee, are forcing operator surcharges, thinner promotions and a rethink of state economics.