Gambling on currency moves

TECHNOLOGY NEWS

LONDON -- Online betting firm Fixed-Odds Group last month launched a website enabling UK residents to bet on FX price movements without risking more than their original stake.

The website, www.betonmarkets.co.uk, offers fixed-odds betting on currency exchange rates and equity indexes. The service differs from FX spread-betting services, which are considered highly risky because investors stand to lose more than their original stake, depending on how much the market moves.

The site’s launch

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