IG Acquires Underdog in $1.3 Billion Gaming Deal

IG, a major player in the iGaming sector, has completed the acquisition of Underdog, a prediction markets company, in a deal valued at $1.3 billion. This significant transaction is highlighted in the EU iGaming weekly report, which also covers second-quarter results and regulatory reforms in Austria. The acquisition marks a notable development in the gaming industry, particularly within the rapidly expanding online gambling and prediction markets.