Do you think they'll ban spread betting this/next year in the UK?

Jaybee from UK · Mar 31, 2009

I remember reading something in the news that indicates a tightening of the regulations, and as you can't spreadbet in the States, I get the feeling the same might happen here.

What do you chaps think?

PipStar · Mar 31, 2009

What has spreadbetting got to do with what can and can't be done in the USA? If anything it's a taxation issue since spreadbets income is free from taxation in the UK.
As for regulations, it is another thing; we've all seen the financial scandals happening in the US under the noses of regulators. It's mostly the US that needs to get its act together but I suspect there will be some effect of it around the world.

oiltanker · Mar 31, 2009

they view s/b the same way as horse racing. there are 'systems' in horse racing too.

gle101 · Mar 31, 2009

Through the EU MiFID financial directives, regulation is in fact already in action. A ban of SB is not an option as I see it. On the contrary, some countries are starting to view financial SB as financial instruments, thus taxation might not be far away in some countries.

TomTom · Mar 31, 2009

Spread Betting has its use's
Dont Ban It, simply have seperate regulator.

rgsharp · Apr 1, 2009

PipStar said:
What has spreadbetting got to do with what can and can't be done in the USA? If anything it's a taxation issue since spreadbets income is free from taxation in the UK.
As for regulations, it is another thing; we've all seen the financial scandals happening in the US under the noses of regulators. It's mostly the US that needs to get its act together but I suspect there will be some effect of it around the world.

If you trade for a living then it is unlikely that Spreadbet profits would be free of tax.

Do you think they'll ban spread betting this/next year in the UK?

Jaybee from UK

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