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.