News
Prediction Market Operator Underdog Set for $1.3 Billion Sale
Zachary Roberts
Daily fantasy sports and prediction market operator Underdog is about to be sold. IG Group Holdings, a global trading company, is set to purchase the site for about $1.3 billion. Initially, Underdog was a daily fantasy sports operator before expanding into prediction markets, ultimately shutting down its original media network and laying off 20% of its staff. This new focus has led to the site’s forthcoming purchase by IG Group, …