Tag Archives: SpreadEx

Spreadex granted Enterprise Act exemptions on Sporting Index takeover

SBC News Spreadex granted Enterprise Act exemptions on Sporting Index takeover

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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CMA orders SpreadEx to prove ‘competitive distinction’ of Sporting Index buyout

SBC News CMA orders SpreadEx to prove 'competitive distinction' of Sporting Index buyout

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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Sporting Group doubles down on B2B business following Sporting Index sale

Andy Wright, Sporting Group

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 buys spread betting pioneer Sporting Index from FDJ

SBC News Spreadex buys spread betting pioneer Sporting Index from FDJ

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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Spreadex named Blackburn Rovers betting partner in three-year deal

SBC News Spreadex named Blackburn Rovers betting partner in three-year deal

Spreadex has announced that it has become the UK betting partner of Blackburn Rovers ahead of the 2023-24 season. The three-year deal will also see the operator have signage in the Jack Walker Stand and digital advertising around Ewood Park. Andy MacKenzie, Head of Marketing at Spreadex, said: “We are really pleased to have partnered with a club with such …

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Spreadex adds CS:GO content in extended SIS partnership

SBC News Spreadex adds CS:GO content in extended SIS partnership

SIS (Sports Information Services) has taken its CS:GO content live with UK operator Spreadex. Described as ‘high-integrity, event-based’ video game content, the SIS offering will provide Spreadex with high-frequency events where skilled gamers face off in 2v2 battles on the popular esports title. Dave Richardson, Commercial Manager for the UK & Europe at SIS, said: “We are expanding the reach …

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SIS to power Spreadex with 24/7 esports content 

SBC News SIS to power Spreadex with 24/7 esports content 

SIS (Sports Information Services), the supplier of 24/7 live betting content has agreed to power the esports betting offering of Spreadex, the UK’s leading spread betting operator. The partnership will allow Spreadex’s customers to watch and bet on  Competitive Gaming’s live head-to-head events, including SIS’ newly launched 24/7 Counter-Strike (CS:GO) channel offering its 2v2 format for esports wagering.  Bolstering its …

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GamCare seeks lived experience trustee to amplify support services

SBC News GamCare seeks lived experience trustee to amplify support services

GamCare has initiated a search for a new trustee to expand its reach ahead of major regulatory changes and amidst a deluge of financial penalties against UK gambling firms. The gambling harm prevention and support charity which operates the National Gambling Helpline is searching for a new trustee to join its board, specifically seeking a candidate with lived experience. Additional …

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UKGC penalty crusade continues as SpreadEx hit with £1.36m

SBC News UKGC penalty crusade continues as SpreadEx hit with £1.36m

SpreadEx has been hit with a £1.36m penalty, in the latest in a series of regulatory enforcement actions by the UK Gambling Commission (UKGC). The regulator cited social responsibility and anti-money laundering shortcomings as the reasons behind the financial penalty, the same factors behind a number of charges against other operators. Just last week, FTSE100 giant Entain was charged £17m …

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Sunderland AFC nets Spreadex as principal partner

SBC News Sunderland AFC nets Spreadex as principal partner

Spreadex has been named Sunderland AFC’s new principal partner ahead of the 2022-23 football season. The Spreadex Sports logo will be featured on the Championship team’s home and away shirts until summer 2025. “We are overjoyed to be partnering with Sunderland AFC at such an exciting time for the club after their promotion back to the Championship,” said David MacKenzie, …

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