GB regulator launches review of FSB Technology licence
The GB Gambling Commission has instigated a review of white label and gaming platform provider FSB Technology’s licence, as a result of regulatory concerns.
The Commission said the review was launched under Section 116 of the Gambling Act, which gives the regulator the power to launch an inquiry if it suspects that licence conditions are or have been breached.
It may also launch an investigation if it believes the licensee may be unsuitable to perform licensed activities, or if it believes any individual connected with the licensee has been convicted of an offence in Great Britain or abroad.
FSB noted that it had suspended activities on its Blackbet white label site, which it runs for an operator also active in the Nigerian market. However, it added, this will not prevent the operator from paying out to customers. The Blackbet site carries a statement informing customers that any unsettled bets will be made void as of 23:59 on 27 August.
Blackbet is the second FSB white label partner to go down in recent weeks, after 1xBet’s UK-facing site was forced offline earlier this month. A newspaper investigation made a number of allegations against the operator, including that it was advertising via prohibited websites.
The operator has denied the claims, however, saying that third party marketing partners are to blame.
FSB was unwilling to comment on the Gambling Commission review. Aside from Blackbet, it currently runs 12 white label domains under its licence, including sites for partners such as Genting and DafaBet, as well as independent bookmakers including Toals and JenningsBet.