FSB Tech’s License Under Review, UK Gambling Commission To Investigate

FSB Tech’s License Under Review, UK Gambling Commission To Investigate

The UK Gambling Commission has put online gambling technology and services provider FSB Tech’s license under review.

In an announcement on Thursday, the UK Gambling Commission said that it had “ “instigated a review under s116 of the Gambling Act into FSB Technology (UK) Limited.”

It said that the company had “voluntarily suspended activities on its Blackbet website” but that this suspension “will not prevent the operator from paying out customers.”

As per the Section 116 of the Gambling Act 2005, the UKGC is authorized to review gambling licenses if there is a complaint that the company is involved in operations which do not come under the scope of the license agreement.

Online gambling website Blackbet.co.uk is not operational and a message is displayed which reads: “For regulatory purposes, we have had to take the decision to suspend all gambling activities on this site for the foreseeable future.”

Earlier last week, the 1xBet online gambling site was pulled off amidst allegations of allowing betting on cockfights and wagers on under-19 athletic competitions.

FSB Tech which also had a technology partnership with 1xBet had confirmed that UK customers have no reason to worry as their account and balances are safe. It also said that they may consider their relationship with the online gambling operator.

Their spokesman also emphasized that FSB Tech has fulfilled all regulatory obligations on their part. However, on Thursday the Gambling Commission announced a review of FSB Tech’s License.

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