Betfred Licenses & Seals of Approval. Is Your Data Safe?

Betfred is an extremely safe place for online gambling. It holds licences from both the Gibraltar Government where its holding company is registered and where it is regulated by the Gibraltar Gambling Commissioner and from the United Kingdom’s Gambling Commission.

Licenses and Seals of Approval Held by Betfred

For its operation in the UK, the official licence of Betfred has been issued by the United Kingdom’s Gambling Commission. The Gambling Commission is responsible for regulating and licensing all gambling businesses which operate in the UK, including bookmakers. Betfred could not legally operate in the UK without a licence from the Commission. The Commission ensures that Betfred bookmaking operations are conducted in a fair and open way and that Betfred’s gambling operations, including bookmaking, are not used for criminal activities, including money-laundering, and that children along with vulnerable people are protected.

Among its oversight activities, the Commission carries out reviews of and visits to licence holders. It can take remedial or preventative action and can vary or impose conditions on licences. It can take regulatory action, including the imposition of financial penalties. Ultimately it can revoke a licence. For its operations outside the UK, the official licence of Betfred is issued by the Gibraltar Gambling Commissioner. Licences from the Gibraltar Gambling Commissioner are extremely difficult to obtain. As at June 2017, only 29 companies had been issued licences. To make a successful application a company must demonstrate that it is a blue chip company with a proven financial track record in a respectable jurisdiction with a good financial standing. The company must also demonstrate that it has a realistic business plan. All of the above means that Betfred is well regulated and as safe as can be a bookmaker.

Where Betfred Operates Legally

A number of websites claim to be able to tell you which countries Betfred operates legally in. Whilst they may give you a long list of countries where gambling on Betfred is supposedly legal attempting to register on Betfred’s official website will show that they only accept registration from people in the United Kingdom, Republic of Ireland and Gibraltar and only accept payment in British pounds or Euros.