IG Group aims to launch a prediction market in the UK

IG Group, a financial trading platform listed on the FTSE 100, aims to launch its prediction markets product in the UK as early as the fourth quarter of 2026. The company sees this area, which is growing especially in the US, as the next natural step in its product range.

Michael Healy, CEO of the retail investment unit IG Consumer, announced the plan at the Capital Markets Event held on 22 October. According to Healy, prediction, crypto and traditional trading will be brought together on a single in-house platform. Management said there is strong interest in prediction markets in the UK.

The announcement came one week after the London-based company applied to the Gambling Commission for a betting licence. In July, IG had acquired Underdog, a US daily fantasy sports and prediction markets platform, in a deal worth 1.1 billion dollars.

To promote the product, the company will launch an advertising campaign next month that will run on channels including Sky Sports. The theme of the campaign is that consumers can "trade better" on the platform. Politics, entertainment and sports markets are expected to be added to the market by early 2027.

IG Group CEO Breon Corcoran said that trading, investing and entertainment are moving closer together. The company also announced that its plan to move its headquarters to Jersey is on track, with the process expected to be completed later this year or in early 2027.