 | This article contains content that is written like an advertisement .(September 2024) |
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| Company type | Privately held |
|---|---|
| Industry | Gambling |
| Founded | 1999 |
| Headquarters | St Albans, Hertfordshire, England |
Key people | Jonathan Hufford (Managing Director) |
| Products | Financial spread betting Sports spread betting Fixed-odds betting Casino |
| Website | www |
Spreadex is a British-based company that offers financial spread betting, sports spread betting, and sports fixed-odds betting. [1] [2] [3]
Spreadex commenced trading in 1999 in Dunstable, Bedfordshire. It was founded by former City dealer Jonathan Hufford [4] with the intention of making spread betting more accessible. [5] The business relocated to St Albans, Hertfordshire in February 2008. [6]
In May 2006, Spreadex launched an online sports betting service and soon after launched a financial online trading platform. [4] In May 2010, the company launched a fixed odds sports betting service allowing bets to be placed in both fractional and decimal format.[ citation needed ]
Spreadex was listed in the Sunday Times PriceWaterhouseCoopers Profit Track 100 for three years in succession. In 2006, Spreadex finished 34th; [7] in 2007, they finished 23rd, [8] and in 2008, they finished in 49th place. [9]
In June 2011, Spreadex acquired the client database of extrabet, the sports betting arm of IG Group. [10] [ permanent dead link ] This was followed in January 2012 by the purchase of the client database of bankrupt company MF Global Spreads, [11] and by the purchase of the non-equities business of rival spread betting firm Cantor Index in March 2013. [12]
In September 2011, Spreadex introduced an online Casino featuring table, card, slot, video poker, instant win games, and a live dealer service. [13]
Due to an ever-expanding customer base, in September of 2013 Spreadex penned a £1.2m private cloud deal with Computacenter to improve the stability and security of its trading platforms. [14]
In October 2014, to accommodate the firm's growing workforce, Spreadex moved to a larger, newly-refurbished office in St Albans called Churchill House.
Spreadex has won numerous awards since its inception, including Best Spread Betting Provider at the 2016, 2018 and 2020 City of London Wealth Management Awards; Best Mobile Trading Platform and Best Trading Alerts System at the 2020 ADVFN Awards; Best Spread Betting Provider at the 2019 Good Money Guide Awards; and Best Spread Betting Operator at the 2017 and 2020 EGR Awards. [15]
This as well as Best Customer Service in the 2013, 2014, 2015 and 2017 Investment Trends Report. In 2017, Spreadex was also listed by the Financial Times Europe as one of the top 1000 fastest growing companies in the continent. [16] Most recently, Spreadex were also voted the City of London Wealth Management Awards Best Spread Betting Provider 2024 and Best Spread Betting Platform at the 2024 ADVFN International Finance Awards.
Spreadex has three main products – sports betting, financial trading and casino gaming – and takes a range of bets via desktop, mobile, tablet and telephone.
The sports product offers both sports spread betting and sports fixed odds betting including features such as Bet-Builder, Auto-Cash Out and Live Streaming. [17]
The financial trading product offers financial spread betting, CFDs, Options and ETFs covering indices, shares, forex, commodities, bonds, cryptocurrencies and more. [18]
The casino gaming product includes slots, roulette and blackjack featuring Live Dealers. [19]
Spreadex is licensed by the Financial Conduct Authority (FCA) in the United Kingdom, the UK Gambling Commission, and the Alderney Gambling Control Commission (AGCC) in the Channel Islands. [20]
Spreadex owns financial spread betting company, www.shortsandlongs.com, which was launched in October 2008. [21] The client database of ShortsandLongs was transferred to Spreadex in March 2012 to consolidate its business. [22]
Gambling is the wagering of something of value on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration, risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season.
Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds betting or parimutuel betting.
A bookmaker, bookie, or turf accountant is an organization or a person that accepts and pays out bets on sporting and other events at agreed-upon odds.
In finance, a contract for difference (CFD) is a financial agreement between two parties, commonly referred to as the "buyer" and the "seller." The contract stipulates that the buyer will pay the seller the difference between the current value of an asset and its value at the time the contract was initiated. If the asset's price increases from the opening to the closing of the contract, the seller compensates the buyer for the increase, which constitutes the buyer's profit. Conversely, if the asset's price decreases, the buyer compensates the seller, resulting in a profit for the seller.
William Hill is a British gambling company founded in 1934. Its product offering includes sports betting, online casino, online poker, and online bingo. Business operations are led from its headquarters in London. The company was previously listed on the London Stock Exchange until it was acquired by Caesars Entertainment in April 2021. In July 2022, William Hill was subsequently bought by 888 Holdings for £2.2 billion.
Playtech plc is a gambling software development company founded in 1999. The company provides software for online casinos, online poker rooms, online bingo games, online sports betting, scratch games, mobile gaming, live dealer games and fixed-odds arcade games online. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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Sporting Index is a British-based company specialising in sports spread betting. It claims an estimated UK market share of over 70%. The company is best known for spread betting; offering a wide variety of sports, politics and showbiz events, as well as a portfolio of unique virtual games. The betting firm also provides a Fixed Odds service. Business-to-business trading and risk management services are also offered to international betting and gaming operators under the Sporting Solutions brand.
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Entain plc, formerly GVC Holdings, is an international sports betting and gambling company. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It owns brands such as bwin, Coral, Ladbrokes, PartyPoker and Sportingbet.
LeoVegas AB is a Swedish mobile gaming company and provider of online casino and sports betting services such as table games, video slots, progressive jackpots, video poker and live betting to a number of international markets. LeoVegas Gaming Ltd. is a subsidiary of MGM Resorts International.
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BetBright was a digital entertainment and online sports betting company based in Dublin and operating in the UK and Republic of Ireland.
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