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

Get the best horse racing odds
  • 25+ sports
  • Live Streaming
  • Full Cash Out
  • Player Special Bets
  • 95% tennis payout
  • 100+ greyhound races/day
  • Android/iOS apps
  • 24/7 Customer Support
Play now
Get the Best Odds
BOOK SPY
BOOK SPY BONUS REVIEW

Betfred is a well-known name among bettors in Britain. It is the epitome of uncomplicated betting, and one of the last UK betting giants still privately owned. The sportsbook was the first to offer a Lucky 15 bet and the first to pay out bettors before a result was guaranteed in 1998. The horse and greyhound racing sections are some of the most complete among online bookies. If you asked me who the best High Street bookmaker is, I would easily tell you, Betfred. However, the transition from shops to online betting has not been so smooth. You can see that most of their business still comes from the High Street, as the platform lacks finesse. The number of markets and payment methods available does not even come close to what the competitors are offering. In addition, for a sportsbook that has been online since 2004 and had a revenue of £10 billion in 2019, the expansion internationally has inexplicably been overlooked. Nonetheless, it is still one of the top options for all the major UK sports.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

The Commission on the Regulation of Gambling and Lotteries (KRAIL) in Ukraine announced a new policy regarding unlicensed online operators that exist ...

Read more »

Spelinspektionen, the Swedish gambling authority, announced several changes to its licensing requirements to protect every player in a more efficient ...

Read more »

The renowned bookmaker Betfred announced that it has agreed for a two-year extension to its sponsorship with Super League Europe, the top-flight leagu...

Read more »

A few weeks after Anthony Joshua’s loss against Oleksandr Usyk in a heavyweight championship fight, we’ll be seeing a potentially even bigger heavywei...

Read more »

The Netherlands as of today, October 1, 2021 has officially opened its regulated online gambling market, allowing local players to place legal online ...

Read more »

Betsson AB board has announced that it has begun a quest to find a replacement for Group Chief Executive Pontus Lindwall. Since the program “Back on T...

Read more »

1xBet, has announced an agreement for one year with its first ambassador in India – the renowned cricketer Dwayne Bravo. The athlete is known fo...

Read more »

The former NBA legend and arguably the best basketball player ever, Michael Jordan, will be a special advisor to Sportradar’s board of directors. The ...

Read more »

The Swedish online gambling company, Betsson Group, announced that it has extended its cooperation with Gaming Innovation Group (GiG) regarding its au...

Read more »

Southampton Football Club has announced Parimatch as its official betting partner for the 2021/22 Premier League season. The bookmaker was launched in...

Read more »

LIST OF TOP BOOKMAKERS
22bet
  • 1.000+ live events daily
  • 95% payout on top leagues
  • Cashout
100% up to €122
1xBet
  • 1.000 live matches daily
  • Asian Handicap
  • 50+ sports
  • Code:BOOKSPY
100% up to €130
Sportaza
  • Few country restrictions
  • 35+ sports
  • High odds on secondary bets
  • Code:BOOKMAKERSBET
100% up to $100
20Bet
  • More than 1,000 live events/day
  • 150+ markets in football
  • 40,000+ events/month
100% up to €100
CyberBet
  • More than 15 sports
  • Alternative handicaps in basketball
  • 30+ live tennis markets
  • Code:BOOKBET
100% up to $300
Anonymbet
  • Few country restrictions
  • 30+ sports
  • Asian Handicaps
  • Code:bookmakers
120% up to $100
Wazamba Sports
  • Few Country Restrictions
  • 35+ sports
  • Card & Corner Bets
100% up to $100
Zodiacbet
  • 30+ sports
  • Asian Handicaps
  • Card and Corner bets
  • Code:ZB100S
100% up to €100
LeoVegas Sports
  • High average payout of 95% +
  • Best odds guaranteed on UK & Irish horse races
  • Live streaming feature
High Odds
Mr Sloty Sports
  • Few country restrictions
  • 30+ sports
  • Multiview Feature
  • Code:WSPORT501
50% up to $100
Royal Oak Sports
  • Few country restrictions
  • 30+ sports
  • Asian Handicaps
  • Code:WELCOMESPORTS
100% up to $100
Mystake
  • Few country restrictions
  • 1,000+ pre match events daily
  • 400+ football markets
100% up to $500
Lapilanders
  • Few country Restrictions
  • 1,000+ live events daily
  • 35+ sports
100% up to $120
Librabet
  • 35+ sports
  • Cards & Corners
  • 20+ Payment Options
100% up to €250
Powbet
  • 30,000+ events every month
  • More than 35 sports
  • Card & Corner bets
100% up to $100
LATEST BOOKMAKER PROMOTIONS