IG Wants to Be Your Broker and Your Bookie
By Damian Chmiel
AI summary of the source article
IG Group has applied for a UK gambling license via IG View Limited to offer prediction markets on politics, entertainment, and sports, targeting an early 2027 launch.
Why it matters
"Trading, investing and entertainment are converging," Chief Executive Breon Corcoran stated regarding the strategic direction.
Key facts
- IG Group applied for a UK remote general betting license to offer prediction markets on politics, entertainment, and sports by early 2027.
- Contracts on financial events for UK professional clients are planned to launch in the fourth quarter.
- IG Group's total revenue fell 14% year-on-year to £240.5 million in the third quarter.
Source excerpt · Finance Magnates
IG Group has applied for a UK gambling license to offer prediction markets on politics, entertainment and sports, the company said today (Thursday). It expects to open them in early 2027, after launching contracts on financial events for UK professional clients in the fourth quarter. The application sits with IG View Limited, a London subsidiary listed on the Gambling Commission's public register…