After completing its investigation into the merger of Spreadex and Sporting Index, the UK's Competition and Markets Authority mandated that Spreadex sell Sporting Index in order to preserve competition in the online sports spread betting market. In contrast to traditional fixed-odds betting, sports spread betting lets users wager on a variety of sporting event outcomes, with possible gains and losses varying according to how accurate their predictions are. Spreadex and Sporting Index were the only two licensed providers in the market at the time.
Competition and Markets Authority mandates Sporting Index sale
- Thread starter Lazza
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The UK's Competition and Markets Authority (CMA) has ordered Spreadex to sell Sporting Index following its investigation into their merger. This decision aims to maintain competition in the niche online sports spread betting market. Unlike fixed-odds betting, spread betting involves wagering on outcomes with profits or losses varying by the accuracy of predictions. At the time of the merger, Spreadex and Sporting Index were the only licensed providers in this market, leading to CMA's concern about reduced competition and consumer choice.
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