IG applies for a UK gambling licence, seeking to become both a broker and a betting operator

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IG Group has applied for a UK gambling licence and plans to launch prediction markets covering politics, entertainment and sports in early 2027, while first offering financial event contracts to professional clients in the UK in the fourth quarter. The application was submitted by its London subsidiary IG View Limited under the name “ig prediction markets”; the licence has not yet been approved. Net trading revenue at its acquisition Freetrade fell 67% year-on-year in the third quarter, from £6.7 million to £2.2 million.