CMA Says Spreadex Must Sell Sporting Index to Restore Competition
The UK’s Competition and Markets Authority (CMA) has ruled that Spreadex’s 2023 acquisition of Sporting Index’s consumer business eliminated the only rival in the country’s licensed online sports spread-betting market. Following a renewed review, the watchdog concluded that the deal “substantially lessens competition” and that divestment is the only effective fix. Spreadex, which maintains the target was a failing firm and the decision “entirely […]
The UK’s Competition and Markets Authority (CMA) has ruled that Spreadex’s 2023 acquisition of Sporting Index’s consumer business eliminated the only rival in the country’s licensed online sports spread-betting market. Following a renewed review, the watchdog concluded that the deal “substantially lessens competition” and that divestment is the only effective fix. Spreadex, which maintains the target was a failing firm and the decision “entirely […]
