Trader conflict of interest sees ABB members review terms

UKGC2014The UK Gambling Commission has been working with the Association of British Bookmakers (ABB)  and betting operators to reduce the risk of potential conflicts of interest when a trader encounters information that might indicate suspicious betting activity. This follows unusual betting activity at horse races early this year.

As a result ABB members have agreed to adjust their betting terms and conditions to make the contravention of sports or other professional or employer rules on betting a breach of their own terms and conditions.  This is in line with one of the recommendations of the Parry report on sports betting integrity.   Additionally the major betting operators are looking at changes to employment terms and conditions on a cross-industry basis to ensure that traders are required to act first and foremost in the interests of the employer.

These moves aim to reduce the risk of operators accepting bets based on advantageous commercial intelligence in the possession of the employees of other operators. Operators should not rely on such bets being voided but, revisions to terms and conditions will enable them to refuse to pay out if those terms and conditions are breached.

Check Also

Global Gaming moves to challenge Swedish Ninja Casino suspension

The governance of Global Gaming AB has confirmed that it will challenge Swedish gambling inspectorate …

79 parties disclose interest in Dutch KSA licenses

The Netherlands gambling regulatory body Kansspelautoriteit (KSA) has issued an ‘intermediate update’, detailing that ‘79 …

William Hill seeks new European appeal with 72andSunny Amsterdam

William Hill marketing has disclosed that Amsterdam agency 72andSunny has won its ‘four-way pitch’, becoming …