Tag Archives: UK’s Gambling Commission

Why do BetFair Games (regulated in Malta, E.U.) have a timer on games?

Malta’s Lotteries and Gaming Authority is a stricter regulator than the UK’s Gambling Commission on that point. The Malta regulator mandates BetFair Games to display a timer on their games. The timer is visible on screen at all times, and, … Continue reading

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The UK’s Gambling Commission is after BetFair and Betdaq for in-running (in-play) betting.

- Do you have any information about the customer profile in the in-running betting market (ie is it made up predominantly of specialist, knowledgeable betting customers)? … sources of information and time delays; availability of high-speed broadband; computer software packages … Continue reading

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BetFair’s message to the UK’s Gambling Commission on betting and the integrity of sports

Via Medemi (109 comments on their thread, and still growing), BetFair (PDF file): 3 August 2007 Integrity in Sports Betting Issues Paper Consultation Co-ordinator Gambling Commission Victoria Square House Victoria Square Birmingham B2 4BP Dear Sir/Madam, INTEGRITY IN SPORTS BETTING … Continue reading

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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

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One un-hired job candidate and one HammerSmith employee tell all about BetFair Malta’s combo market maker (trading algorithm + human market makers) operating on the multiples.

Graham “Sharp” Minds, in a comment on Midas Oracle: I am one of the people who Ed Murray has referred to in this blog. I was interviewed at Hammersmith by Betfair during the summer. For the time being I am … Continue reading

Posted in Ethics, Exchanges & Markets, Market Makers (Automated), Market Makers (Human), Market Trading, Mechanism Designs | Tagged , , , , , , , , , , , , , , , , , , , | 10 Comments

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

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The BetFair Galaxy

BetFair – (Hammersmith, London, England, United Kingdom, E.U.) — Alternate URLs: BetFair.co.uk & Flutter.com — Described as “the eBay of peer-to-peer betting”. — BetFair is a prediction exchange that does not prominently display the last price. Instead, the “Express View” gives the best offer (i.e., ask … Continue reading

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BetFair.com operate memorandums of understanding (MoUs) with 25 governing bodies to help draw attention to suspicious betting patterns.

BetFair.com spokesman Tony Calvin said: We don’t offer a lot of markets of this kind [see the article below] because the rules have to be watertight for backer and layer. The Times on quirky bets and the sports integrity problematic. … Continue reading

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