Customers may also be told that they will receive scratchcards if they encourage more people to play. Some money-making schemes will ask for a monthly fee in return for digital scratchcards.
You should be careful and consider whether the products are right for you. These protections cannot compensate you for any losses. Unauthorised gambling businesses are likely to use false names, addresses and contact numbers.Įligible customers will have access to the Financial Services Compensation Scheme (opens in new tab). It is likely that they are acting illegally. If you have doubts about whether a gambling business is authorised do not use them. Binary optionsīinary options are a type of bet where you try and predict the outcome of events in financial markets, such as the rise and fall of stocks.įrom 3 January 2018 any UK firms that offer binary options have to be authorised and supervised by the Financial Conduct Agency (FCA) (opens in new tab).
We want to ensure that you are able to spot, and stay safe against various scams and fraud.īefore gambling, make yourself aware of the following scams and frauds that you may encounter.