Tag Archives: FCA

UKGC provides full evidence disclosure on credit card ban

The UK Gambling Commission (UKGC) has published its full consultation and evidence disclosure on its decision to ban gambling credit card transactions from 14 April 2020.  A key 2020 judgement, The Commission stated that its review had been undertaken focusing on the objectives of its ‘Business Strategy 2018-2021’ – to protect the interests of consumers, raise all-round industry standards and …

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UKGC comes under fire from Football Index collapse

Pressure is mounting on the UK Gambling Commission (UKGC) to explain the fallout of Football Index – the football player trading platform which entered insolvency proceedings last week citing that it could no longer maintain its business due to liquidity issues. John Whittingdale, DCMS’ new undersecretary overseeing UK gambling laws, is reported to have held ‘frank discussions’ with the Commission’s …

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The importance of a customised payment widget for the client and end consumer

exactly widget

The payment widget is the most important part of the customer journey, said Artem Sydorenko, Marketing Manager at exactly®.  In discussion with SBC News, he explained why his company allows full customisation of its widget for clients, which helps to minimise any doubts in the mind of the consumer. The most significant of these doubts, he added, arises when the …

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GambleAware urges UK Finance to get strict on Gambling Blockers

MontBleu Casino Resort & Spa in South Lake Tahoe

GambleAware has this morning published insights from research it commissioned on public uptake and effectiveness of bank card ‘gambling blockers’. The charity sanctioned researchers from the University of Bristol’s ‘Personal Finance Research Centre (PFRC)‘ to evaluate the effectiveness of blockers and its potential as a tool to prevent gambling harms. The PFRC’s research estimated that at present 60% of UK …

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FCA suspends all Wirecard UK transactions and services

The UK’s Financial Conduct Authority (FCA) has enforced a number of restrictions on embattled Wirecard AG, following the digital payment processing firm’s decision to file for insolvency in its home market of Germany. Issuing a regulatory notice, the FCA stated that Wirecard UK can no longer carry any regulated market activities. Furthermore, the financial services regulatory body underlined that Wirecard …

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UK watchdog warns of “serious risk of harm” from spread-betting

Copyright: piovesempre / 123RF Stock Photo

Britain’s financial watchdog has warned spread-betting firms of poor practices, following a review by the Financial Conduct Authority (FCA) related to the industry’s use of contracts for difference (CFD) A warning letter has stated consumers are “at serious risk of harm,” after finding that the majority of customers lost money through their trades. The regulator revealed that it found 76% …

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New UK anti money laundering watchdog OPBAS to be set up by 2018

The UK Government is set to get tougher on money laundering and criminal financing activities by creating new watchdog the ‘Office for Professional Body Anti-Money Laundering Supervision’ (OPBAS).  The body will act alongside the UK Financial Conduct Authority (FCA), as the government seeks to introduce new, stricter money laundering regulations to meet global finance standards. The government will aim to set …

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Playtech targets €50 million in share buyback programme

FTSE-listed gambling technology provider Playtech Plc has today informed investors that it plans to issue a 6 million ordinary share buyback programme, representing approximately 1.85% of the company’s equity. The share sale is valued at circa €50 million and will be conducted by investment bank Canaccord Genuity in accordance with FTSE rules. Confirming its planned buyback programme Playtech stated that …

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UK FCA approves Betcade as Authorised Payment Institution

Real money Android app store Betcade has confirmed that it has been approved an ‘Authorised Payment Institution’ for the UK by the Financial Conduct Authority (FCA). Updating the market, Betcade governance stated that its FCA approval market a significant milestone for its product which had been officially launched in the UK this May. Moving forward, the Betcade app store will …

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PMU separates online & retail horse racing liquidity

At the request of the French Competition Authority (FCA), state owned horse racing operator Paris Mutuel Urbain (PMU) will separate its wagering liquidity between its retail and digital operations. PMU will move to split its wagering liquidity from 10 December, with the operator creating two separate pools for customer bets. CEO Alain Bernard announced the changes undertaken by PMU wagering services …

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