General Betting

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18 Nov 13 13:54
Date Joined: 13 Jul 10
| Topic/replies: 285 | Blogger: Getafix's blog
Given that funds are held in a pooled account at some bank?
Pause Switch to Standard View Are funds under £85k covered here by...
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Report JLivermore November 18, 2013 5:12 PM GMT
I guess if Betfair opened a bank account in your name and put the money in there then they might be.

so no.
Report dave1357 November 21, 2013 11:22 PM GMT
The gambling commission are consulting on changes to the rules about customers' money as they will be regulating everyone legally doing business in the uk by 2014.  If they go for a solicitors client money account type arrangement the 85k does apply to each customer.
Report howard November 22, 2013 12:13 PM GMT
So at the moment they would get 85k for us all to share ?
Report dave1357 November 22, 2013 1:00 PM GMT
prob not even that as Gib don't insist on separation of customer money.
Report MrLay0-0 November 23, 2013 9:48 PM GMT
Nope, if betfair go down so does your money
Report uncle nasty December 25, 2013 12:00 AM GMT
still waiting for the sportingoptions directors to die
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