IG Group CEO: Underdog deal key to breaking free from UK dependence

Breon Corcoran reveals to investors that Underdog is set to more than double the firm's US revenue and increase US monthly active customers by more than tenfold IG Group CEO Breon Corcoran claims the proposed acquisition of Underdog Sports will help the company diversify away from its historic UK and contracts for difference (CFD) focus, while giving it exposure to a younger US customer base and prediction markets. Speaking during an investor call – on the back of a Q3 trading update this week – Corcoran said the group has been working to diversify its business since 2024.