Spreadex challenges CMA’s proposed remedy for Sporting Index acquisition
Spreadex challenged the UK Competition and Markets Authority’s proposed remedy for its acquisition of Sporting Index’s consumer business, arguing that a forced sale to a rival would be impractical. The CMA’s provisional view was that the acquisition risked substantially reducing competition in UK sports spread betting; the matter returned for review after a court appeal, and the authority reaffirmed its objection. Spreadex has asked the CMA to reconsider.
The CMA’s review could require Spreadex to sell the acquired business, leaving the deal’s outcome unresolved.