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Tag Archives: UK Gambling Commission
Online gambling in the UK tightened up
Online gambling companies that advertise in the UK, or take bets from customers in the UK, are facing the prospect of much greater scrutiny and the requirement to obtain a licence of some description from the UK Gambling Commission. This … Continue reading
Gambling Commission and DCMS stance on the Alderney Gambling Control Commission, a regulator which condones its licensees’ unlawful behaviour
This is a follow up to my Alderney Gambling Control Commission article. – To date I have emailed the above article to both an AGCC lawyer to whom I spoke while researching the matter (at his request), and also the … Continue reading
IN-PLAY BETTING: BetFair is already compliant with the Gambling Commission’s first pointer.
The UK Gambling Commission is not “coming after BetFair and Betdaq”. They’ll be looking at all operators. Almost all UK-based betting operators (betting exchanges and bookmakers) offer “in-play” betting, these days. The UK Gambling Commission’s approach (so far) to in-play … Continue reading
“Ask anybody who suffered the recent bloodletting at HedgeStreet: CFTC regulation can impose crushing burdens. It has nearly driven that innovative business into the ground.”
That was Tom W. Bell, of course. And 5 months after Tom W. Bell’s pronouncement, HedgeStreet v1 ate the bullet and bellied up. – - Doctor Pennock, isn’t “pragmatism” to take into perspective the hard facts povided by: the bankruptcy … Continue reading
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.
BetFair: 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 … Continue reading
Posted in Exchanges & Markets, Regulations
Tagged BetFair, Betfair International, BetFair Malta, Gambling Commission, laws, London, Lotteries and Gaming Authority, Malta, Malta Lotteries And Gaming Authority, Malta's Lotteries and Gaming Authority, non-UK-based trader, prediction markets, Regulations, UK Gambling Commission, UK's Gambling Commission, UK-based trader, United Kingdom
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With the multiples, BetFair takes the role of a bookmaker.
BetFair Help: What is multiples betting? Betfair offers multiples betting, also known as accumulator betting. You can combine a number of selections from different markets into one bet. Betfair allows multiples of between two and eight legs. A leg is … Continue reading
Posted in All Best Posts Ever, Betting, Exchanges & Markets, Market Makers (Human), Market Trading, Mechanism Designs
Tagged BetFair, BetFair Malta, BetFair multiples, combinatorial market scoring rule, combinatorial technology, Joint Committee, market scoring rule, MSR, multiples betting, prediction markets, Robin Hanson, UK Gambling Commission
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BetFair’s 2006 answers to the UK Gambling Commission’s questions
Via Niall O’Connor, BetFair’s answers to the UK Gambling Commission’s questions (PDF file): Licence conditions and codes of practice: Betfair response Chapter 2: Licensing process Q.7 Do you agree that in larger operators, where responsibility for issues of regulatory interest … Continue reading
Posted in Analysis (Industry), Exchanges & Markets, Regulations
Tagged applicable advertising restrictions, bank, bank account separate, Betfair Limited, chief executive, complimentary food, Finance, finance director and compliance director, games software, GBP, Horserace Betting
Levy Board, Internet gambling, Internet operators, internet website operators, law-abiding operators, London, manager, maximum protection, Niall O'Connor, risk-taking operator, UK Gambling Commission, United Kingdom
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Is Steve Levitt right on the reason why a betting operator is willing to fight sports corruption and cheating?
Steve Levitt (a man whom I admire) says that the Las Vegas bookmakers (sportsbooks) “helped authorities catch point-shaving football players at the University of Toledo” because: It is no surprise that the sportsbooks take an active role in this endeavor: … Continue reading
The last UK Gambling Commission’s survey report says that the Internet has not led to an increase is gambling addictions.
Don Reisinger: [...] And now that one of the most popular arguments against online gambling has arguably been eliminated, I think it’s time we stop trying to protect people from themselves and focus on our own lives–it’s better for everyone … Continue reading
Posted in Politics, Regulations
Tagged Don Reisinger, online gambling, UK Gambling Commission
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A methodology flaw in the last UK Gambling Commission’s survey report makes it useless for analysts and policy makers.
I have scanned and examined the UK Gambling Commission’s survey report on gambling and betting (PDF file), titled British Gambling Prevalence Survey 2007, and I have found out that there is a big problem in their list of gambling and … Continue reading