IG Group is actively looking into prediction markets. “On prediction markets, we have talked about that in the past,” Breon Corcoran, IG’s CEO, said during its recent earnings call. “Many of you will know that prediction markets are just a different title for what used to be binaries in Europe or indeed what used to be products on betting exchanges in Europe as well.”
“So we have the capability in the space. We have some capability with some IP. We have not yet launched a product. We continue to work on that.”
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Crypto Is the Future
While IG’s prediction markets plan is still developing, it has pushed the company to focus more on crypto.
IG’s focus is on diversifying its revenue. Although its “crypto revenue remains [in] early stages”, crypto trading revenue represented around 4 per cent of group net trading revenue in 2025, IG’s Chief Financial Officer, Clifford Abrahams, highlighted in the earnings call.
Read more: IG Group’s First Spot Crypto Numbers
Crypto trading revenue, which was negligible in the previous financial year, increased following IG’s acquisition of Independent Reserve, which generated £19.3 million in pro forma revenue. Spot crypto trading revenue directly on IG’s platform came in at £0.8 million.
The London-listed company began offering spot cryptocurrencies to users in the United Kingdom and Ireland last June through a partnership with Uphold. In the United States, it offers crypto trading under tastytrade.
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Growth Expectations
The broker is now aiming to increase the combined growth of its OTC and spot trading revenue by 30 per cent to 40 per cent year on year and estimates around a one per cent share of UK direct-to-consumer crypto trading revenue.
“As we scale these propositions globally, their share of revenue will increase, making IG’s earnings more diversified,” Abrahams added. “The bigger long-term opportunity lies in futures and options, stock trading investments currently at 7 per cent, and crypto at 4 per cent pro forma, all addressing larger, faster-growing markets.”
It later received a full FCA crypto asset licence and also secured a Markets in Crypto-Assets (MiCA) licence in Germany, under which it can offer crypto across the 27-country European bloc.
After closing the Independent Reserve acquisition earlier this year, IG launched spot crypto trading in Australia earlier this month and is planning to expand it in Singapore and the UAE in the second half of 2026.
“We will continue scaling stock trading and crypto into new markets, spending on marketing to drive growth where the returns justify that,” IG’s CEO, Corcoran, added.
