The Competition and Markets Authority (CMA) has granted a series of derogations (exemptions to the law) related to the acquisition of Sporting Index by Spreadex Limited. As announced on 15 January, the CMA launched an inquiry evaluating Spreadex’s acquisition of its main rival, Sporting Index, and its impact on the UK’s spread betting market. The inquiry will evaluate whether Sporting …
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The Competition and Markets Authority (CMA) is investigating the acquisition of Sporting Index by Spreadex Limited and its impact on the UK’s spread betting market. The deal was announced in November 2023, with SpreadEx agreeing on ‘undisclosed terms’ with Groupe FDJ to acquire spread betting rival Sporting Index. On 15 January, the CMA announced that it had launched an inquiry, …
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Andy Wright, CEO of Sporting Group, has issued a statement in the wake of the sale last week of the firm’s B2C brand, Sporting Index, to Spreadex. Underlining the rationale behind the transaction, he commented: “Sporting Index has been an integral part of Sporting Group for over three decades, serving as a pioneer in spread and fixed-odds betting and earning …
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Spreadex has acquired long-standing rival Sporting Index, agreeing on buyout terms with owner Groupe FDJ. As reported by Racing Post on Monday, FDJ agreed to sell Sporting Index to spread betting rival Spreadex, with the latter choosing to “remain tight lipped on deal terms.” Founded in 1992, Sporting Index is recognised as the pioneering company in spread betting, providing odds …
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Member organisations of the Betting and Gaming Council (BGC) have distributed over £1.25 million to a selection of charities, donating the entirety of the profits from the Britannia Stakes race, held on 17 June during the Royal Ascot festival. Participants in the initiative include BGC members Flutter Entertainment (Paddy Power, Betfair, Sky Bet), bet365, Entain (Ladbrokes, Coral), William Hill, Kindred …
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UK spread betting operator Sporting Index has become the latest firm to make its debut on the Oddschecker grid this month. The company’s Sporting Index Odds fixed odds service was launched in 2019, and its addition to the hugely popular odds comparison site demonstrates a significant expansion of Sporting Index’s market reach. CEO of Sporting Index, Simon Trim, commented: “We’re …
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Sporting Index has confirmed that it has ‘onboarded’ legendary champion jockey Frankie Dettori as its new brand ambassador. The colourful Italian, who has won 19 British Classics and is currently recognised as the ‘LONGINES – World’s best jockey’, has joined the Sporting Index stable and will help promote the spread betting firm’s fixed-odds betting markets, which were launched in 2019. …
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Punters have shown little faith in PM Boris Johnson passing his Brexit deal in Parliament before the 31st October, with the possibility of a deal being reached currently trading at 3% on the Smarkets betting exchange. Johnson continues to face an uphill battle in Westminster, having lost a succession of important votes since taking up the role of Prime Minister. …
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Some of the leading suppliers to the sports betting industry offered their insights into the future for sportsbook personalisation based on automated customer segmentation, advanced behavioural analysis and predictive AI-driven models. The third round table participant was Sporting Group, represented by its CEO Simon Trim. SBC: What role does pricing and risk management have to play in the differentiation of a …
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Twenty years on from one of their biggest ever losses, Sporting Index has returned with the infamous ‘World Cup wides market’, which saw the spread betting firm lose over half a million pounds in the 1999 Cricket World Cup. The World Cup wides market, pioneered by Sporting Index, was introduced for the first time in 1999 and has been available to …
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