Newsletter 23

07 Oct 2015

Betting on the future value of financial instruments

7 October 2015

Based on a specific case, the Danish Gambling Authority has chosen to adjust Newsletter no. 19 on betting on the future value of financial instruments.

Newsletter no. 19 set out that the offer of pool-betting products on the future value of financial instruments was possible, if the pool bet was determined by the relative development in market value between several financial instruments.

The Danish Gambling Authority is now adding, that it is also possible to offer pool-betting products on the future value of a single financial instrument, such as the value of a single share, commodity or index. Such a bet is to be determined by the development in value of a single financial instrument.

There are two possibilities in determining a pool bet on thefuture value of financial instruments, either by the relative development in market value between several financial instruments, or by the development in market value of a single financial instrument.

The Danish Gambling Authority emphasize, that all the conditions stated in Newsletter no. 19 still applies and Newsletter no. 23 must be read in this context. 

Newsletter 19