CMA orders Spreadex to divest Sporting Index consumer business
The Competition and Markets Authority reaffirmed its finding that Spreadex’s acquisition of Sporting Index’s consumer business substantially lessens competition in UK online sports spread betting. It will require Spreadex to sell the unit, either through an agreed sale or a forced disposal to a regulator-approved buyer; Spreadex said it was disappointed and disputed the decision.
The divestment will change ownership of a major UK sports spread-betting business and is intended to restore competition.