If you’re a UK-based trader with BetFair, your ass is covered by the highly regarded Gambling Commission. — If you’re a non-UK-based trader with BetFair, well, try your luck with Malta’s Lotteries and Gaming Authority.
Chris F. Masse May 1st, 2008
Change to Terms and Conditions for non-UK Betfair customers
Betfair Customer Services 01 May 11:20
For operational and commercial reasons, Betfair is restructuring its international business.
If you are a Betfair customer with a UK-registered address, this change will have no impact on you whatsoever. If you are a non-UK customer, the changes will not impact your betting experience or the features available. Equally, the provision of helpdesk, payments and other services will be unaffected. The only change is that the company you will be betting with, Betfair International, will be licensed in Malta, as is already the case for Betfair’s existing Games, Poker, Casino and Multiples betting products.
This means two things for you: first, you will be asked to accept a new set of Terms and Conditions, because Betfair International is governed by Maltese law, not English law.
Second, in the event that you have an unresolved dispute, the regulator to which you should make a complaint against Betfair is the Maltese regulator, and not the UK Gambling Commission.
If you are interested in a more detailed explanation of what this change involves technically, more information is available on the Betfair Developers Program website, which can be found here.
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Lotteries and Gaming Authority (LGA) - Malta, E.U.
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I’ll update you in the coming weeks or months, as whether this is good for non-UK traders. I have no prejudice against Malta. I’ll look into that, later on, with an open mind.
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[...] As you remember, BetFair Games, BetFair Poker, BetFair Casino, BetFair Multiples, and all non-UK BetFair customers, are covered by Malta’s Lotteries and Gaming Authority. [...]