Does the UK 2014 gambling act apply to binary?

[fadetoblack]

Does the UK 2014 gambling act apply to binary?

thanks.

[TheGooner]

Theoretically it should - binary options are just a poor -EV gamble.
But no - they are not. They will be regulated as Financial instruments.

The (UK) Government proposes to consult on amending the Regulated Activities Order (RAO) 2001 to take such products (binary options) out of the scope of the Gambling Act 2005 and regulate them as financial products.

Source :
http://licensingadvertisingact.blogs...ng-binary.html

[fadetoblack]

Theoretically it should - binary options are just a poor -EV gamble.
But no - they are not. They will be regulated as Financial instruments.

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Source :
http://licensingadvertisingact.blogs...ng-binary.html

Thank you! None of the brands seem to know about it. I guess that explains why!

[universal4]

I agree with TheGooner that they "should"

Rick
Universal4