Gambling Commission issues binary options scams warning

Gambling Commission_8The Gambling Commission has issued a binary options scams warning. As we explain in our attached briefing note, unlike other forms of remote gambling and by reason of what is presently a regulatory lacuna, operators offering binary options with all of their remote gambling equipment located outside Great Britain do not have to be licensed by the Gambling Commission, which only regulates operators offering binary options if they have any such equipment located in Great Britain. Anyone requiring further advice on this complex subject is invited to contact us.

More information is available here on the Gambling Commission’s website and here on the FCA’s website.

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