📈 IG Group makes $1.1bn prediction play

IG Group has agreed a $1.1bn deal to acquire US sports platform Underdog, marking the first purchase of a US prediction company by a British business 🇬🇧🇺🇸. The move gives the FTSE 100 firm a foothold in a fast-evolving market shaped by daily fantasy sports scale and ongoing regulatory debate 📊. Why it matters: this is another sign that major European players see long-term potential in prediction products, despite uncertainty ⚖️. With Gibraltar launching a regulatory regime for predictions, the deal could also raise questions about whether similar products may find room closer to home 🔍. 🌐 Source: SBC News