PART 3General betting duty, pool betting duty and remote gaming duty

CHAPTER 1General betting duty

General and spread bets

128Spread bets

1

A bet is a spread bet for the purposes of this Part if it constitutes a contract the making or accepting of which is a regulated activity within the meaning of section 22 of the Financial Services and Markets Act 2000.

2

In this Part—

  • “financial spread bet” means a spread bet the subject of which is a financial matter, and

  • “non-financial spread bet” means any other spread bet.

3

The Commissioners may by regulations provide that a specified matter—

a

is to be treated as a financial matter for the purposes of subsection (2), or

b

is not to be treated as a financial matter for those purposes.