The proposed takeover would push IG Group deeper into US sports and event contracts while leaving Underdog’s brand and app operating on their own. Cash, Shares and a Very Large Incentive Pot IG Group has agreed to acquire daily fantasy sports and prediction market operator Underdog in a deal worth up to roughly $1.3bn. The […]
Robinhood
Robinhood’s March Madness Betting Stirs Regulatory Concerns in Massachusetts
Massachusetts has initiated a formal investigation into Robinhood’s new prediction-markets feature, which allows users to bet on NCAA March Madness outcomes. This development has triggered alarms among state regulators, prompting them to question the platform’s approach to blending investment activities with gambling tendencies. Subpoena and Concerns from Secretary of the Commonwealth Bill Galvin, the Secretary […]
