IG applies for a UK gambling licence to expand prediction markets
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On October 22, 2026, Finance Magnates reported that IG Group had applied for a UK gambling licence. The application was submitted by its London subsidiary, IG View Limited, under the name “ig prediction markets,” and the licence has not yet been approved. IG plans to launch prediction markets covering politics, entertainment, and sports in early 2027, and to first offer financial event contracts to professional clients in the UK before the fourth quarter. The report also said that Freetrade, acquired by IG, saw its net trading revenue fall 67% year-on-year in the third quarter, from £6.7 million to £2.2 million.
AI-written from reports · updated 3 hours ago
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- Finance MagnatesIG applies for a UK gambling licence, seeking to become both a broker and a betting operator
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.
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