UKGC cautions Paddy Power Betfair & Betfred on FOBT stakes

8 Apr 2019

ukgc-warningThe 1st of April 2019 saw the introduction of a new regulation imposed by the United Kingdom Gambling Commission. The new rule lowered the maximum stake accepted on Fixed-Odds Betting Terminals (FOBTs). Following this latest change, the Commission cautioned Paddy Power Betfair and Betfred after assessing that some of their latest products had the potential to go against the new framework. As a result, the operators might face legal implications if they don't comply.

In a media statement, Paddy Power Betfair claimed that their product does not fall under the FOBT category, as it's essentially a type of lottery, so no fixed odds apply there. Also, players don't place their bets on a terminal, but to an actual person in a shop. Elaborating on the operator's public announcement, a Paddy Power Betfair representative claimed that their latest betting product ran for a limited amount of time in a few betting shops. What remains to be decided now is whether the company will release the product in full or not.

However, a new announcement to the media came from Paddy Power Betfair a while after the first one, making their decision public to not go any further with that specific product. Betfred on the other hand, immediately complied with UKGC's warning and recalled their product from the market. The Commission's Executive Director was very clear about not making any compromises when it comes to compliance with the new framework. He also made clear that the product evaluations will continue aiming to ensure all operators respect the latest maximum stake changes on FOBTs.

Why choose Betfred

The respected bookmaker
  • Respected bookmaker
  • 50 years of experience in betting
  • Impressive football payout
  • Many betting selections
  • Quality mobile app
  • Live streaming & cashout available
  • High winning limits
  • Live support available 24/7
Play now!
Ηigh Odds
BOOK SPY
BOOK SPY BONUS REVIEW

Betfred is a well known name among bettors in Britain as they have been around for the past 50 years. I mostly remember their betting shops in the UK, however, they managed to impress me with their nicely made website as well. The high odds on most football matches are a welcome addition and the fact that they are regulated by the UKGC and GLA certainly cannot be overlooked. Their variety of payment methods is sure to satisfy even the most demanding punters while the welcome bonus of £30 with a simple £10 deposit is quite impressive. A few more promotions, more languages and some Asian Handicaps would be a welcome addition, to an otherwise quality bookmaker.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

Bet-at-home AG has announced that it bolstered its commercial status and its revenue, in spite of the €11.5 million Austrian tax burden that was impos...

Read more »

LeoVegas has restored its five-year Swedish gambling license, since it managed to win its appeal against the country’s gaming regulator Spelinspektion...

Read more »

The popular online bookmaker Interwetten has announced the signing of a sponsorship deal with the Greek Super League, which is the top tier football l...

Read more »

William Hill signed a new sports betting partnership with the NBA and became the official bookmaker of the best basketball league in the world. With t...

Read more »

Bethard has announced that it entered the Spanish market and that it will be operating under its official .es domain. Its Spanish sportsbook, which is...

Read more »

A new draft law on online gambling was submitted to the Greek Parliament on the evening of 9/10/2019. The new draft has radically taken a different di...

Read more »

The Italian football club Juventus has signed a three-year partnership agreement with 10Bet. The popular online bookmaker is now the official gaming a...

Read more »

A huge and most surprising move has been made from the William Hill board, which has announced an unexpected change in the brand’s leadership. As the ...

Read more »

The well-known betting exchange Matchbook has officially declared that it will be charging a set 2% commission on all sports wagering that takes place...

Read more »

The new season in the Premier League is about to begin and most of the sides are finalizing their new partnerships. The latest is the one that sees Ma...

Read more »