United Kingdom License
United Kingdom is one of the highest developed states in the whole world. One would expect a state of this kind to have a gambling regulator close to perfection. As a matter of fact the Gambling Commission of UK is one of the most reputable jurisdictions amongst the best established jurisdictions. Maintaining this reputation takes a lot of effort and meticulous attention to detail. The Gambling Act of 2005 clarifies a lot of previously confusing guidelines by moving towards a principle based approach. However, there are few criteria that are definite including the background of the licensee and the financial and personal ability of it to establish, operate and govern an online gambling business. They are available to assist any willing individual to apply for a license. This help includes but is not limited to recommending what course of action should the licensee take regarding a particular issue, software consulting and any other issue that requires hands on approach.
Regarding sports betting the UK Gambling Commission covers 3 types of betting entities: • Those who provide general betting (betting shops, on-course and remote gambling) • Pool betting (racecourse pool betting, football and other sports pool betting, fantasy football) • Betting intermediaries Spread betting does not fall under the authority of the Gambling Commission rather under the Financial Conduct Authority (FCA). You can easily find the list of entities licensed by the UK Gambling Commission. That is the only proof you need before placing your bet at some bookmaker. Otherwise you put yourself at risk as unlicensed bookmakers quite often can act against the well-being of their customers.
The Gambling Commission as a Role Model
The gambling market is a rather dynamic one. Changes have to be made often to adapt to the needs of the licensees and the bettors. The UK authorities are very responsive and want to act as bridge between bookmakers and bettors and to make sure both parties respect each other’s rights. Some of the minor bookmakers that previously held a UK license decided to move away to an off-shore jurisdiction. Some wanted to exercise certain tax benefits, others wanted more flexible legislation. Those who have remain under the UK jurisdiction want to stay close to their customers and share the same public law system.