🎰 Fairbetter Limited

Action Details:

Following a licence review under section 116 of the Gambling Act 2005 (“the Act”), the Commission determined to revoke the operating licence issued to Fairbetter Limited (“the Licensee”), under section 117(1)(f) and section 119(1) of the Act.  The Commission found the Licensee:1. Breached the following conditions of its operating licence:Licence condition 2.3.1 – Technical Standards  Licence condition 7.1.1 - Fair and transparent terms and practicesLicence condition 12.1.1 Anti-money laundering - Prevention of money laundering and terrorist financing2. Breached section 82 of the Act by failing to comply with the following social responsibility code provisions:Social responsibility code provision 3.5.5 – Remote multi-operator SR codeSocial responsibility code provision 3.9.1 – Identification of individual customersSocial responsibility code provision 6.1.1 – Complaints and disputes3. was unsuitable to carry on the licensed activities.