![]() The fact is, financial spread betting is unlike gambling in a variety of distinct ways. ![]() While there might well be one horse that’s faster than all the rest, it may have an off-day, or it might not feel right ten minutes before it races – these are factors you cannot predict, factors you cannot control and factors to which you surrender your destiny when gambling on a horse. The term ‘gambling’ denotes taking a punt, taking a risk on an outcome that is determined by substantial elements of chance. ![]() But, in the UK at least, spread betting is regulated by the Financial Conduct Authority as a trading activity, rather than the Gambling Commission, clearly showing there may be more to financial spread betting than first meets the eye. At first glance, the term ‘ spread betting‘ would imply a level of risk tantamount to gambling, rather than the typically more measured trading.
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