Review of FSB’s operating licence announced by the Gambling Commission

The Gambling Commission has today published the following news item on its website:

Due to regulatory concerns, the Gambling Commission has instigated a review under s116 of the Gambling Act into FSB Technology (UK) Limited.

FSB Technology (UK) Limited has voluntarily suspended activities on its Blackbet website. The voluntary suspension of the Blackbet website will not prevent the operator paying out customers.

If a customer has questions concerning their account we advise they contact the operator directly by emailing a designated email address set up for any queries:

The website currently states as follows:

For regulatory purposes, we have had to take the decision to suspend all gambling activities on this site for the foreseeable future.

We apologise for any inconvenience this may cause but want to assure you that:

Any funds currently held in your account are safe and can be withdrawn via the ‘My Account/Withdrawals’ menu.

If you have placed any unsettled bets, these will stand up until 23:59 on Tuesday, 27th August when any still unsettled will be made void.

If you have any questions or concerns regarding your account, please contact:

UPDATE: On 6 May 2020, the Gambling Commission announced that a regulatory settlement had been concluded, whereby FSB Technology (UK) Limited is to pay £600,000 for advertising, money laundering and social responsibility failings and will have additional conditions imposed on its operating licence