Underdog Revenue Doubles as IG Group Q3 Stumbles
US DFS and prediction market operator posts 100% growth ahead of FTSE 100 takeover close
Underdog Fantasy posted 100% year-on-year revenue growth in Q3 2026 even as acquirer IG Group reported a quarterly dip, according to SBC News (October 2026).
Why It Matters
A doubling of revenue at Underdog signals that US prediction markets and DFS are growing fast enough to offset macro headwinds hitting the broader IG Group portfolio. For bettors and operators, it validates prediction markets as a commercially serious vertical — not a regulatory grey-area curiosity. IG Group investors will now scrutinise whether Underdog's growth trajectory can compensate for the parent company's Q3 weakness. The deal completion will determine whether IG can integrate a high-growth US sports asset without dragging down its execution speed.
Context
IG Group, listed on the FTSE 100, agreed to acquire Underdog — a US-based operator running both daily fantasy sports and a prediction market platform — in a deal that has not yet closed as of October 2026. Underdog competes in a DFS market dominated by DraftKings and FanDuel, but its prediction market product targets a distinct, emerging segment that has attracted regulatory attention across several US states. The 100% growth figure gives IG a strong pre-close data point to present to shareholders and regulators.
What's Next
IG Group has signalled investors will receive more detail on the acquisition terms and integration plan imminently, per SBC News. The deal's closing timeline and any regulatory clearance requirements remain the key milestones to watch.
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