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BetsForTraders.com on the Front Foot of Responsible Betting

Online financial bookmakers BetsForTraders were once again ahead of the game when they wisely chose to launch their operation in the Isle of Man, specifically due to the island’s responsible betting laws and rigorous licensing regime.

Amendments to the Gambling Act 2005, tabled in Parliament today, will ban more than a thousand betting websites that operate outside the European Economic Area (EEA) and do not meet the UK’s strict regulatory standards from advertising in the UK from 1 September 2007.

Ryan Kneale, Market Analyst for BetsForTraders, comments: “The Isle Man had to pass stringent assessment of its regulatory standards before the jurisdiction was placed on the ‘white list’, granting it an exemption from this ban. The ‘white list’ has been long anticipated and I am really pleased that we pre-empted this situation by launching BetsForTraders on the island.

“In addition, the Isle of Man has strict laws designed to stop children betting, protect vulnerable people and adhere to fair gaming rules, which was particularly important to our company ethos and values.”

BetsForTraders attracts both aspiring and experienced traders from all walks of life who are market-savvy and confident. However, the company recognises the importance of promoting responsible betting and has had a detailed corporate social responsibility policy in place from the outset.

Ryan concludes: "We are in the money business and our clients are knowledgeable and self-assured in their dealings. Nonetheless it is vitally important to us that all our clients have an optimal experience with BetsForTraders at all times."

ENDS

Media Enquiries:
Justyna Gnyp, hblmedia, ph: 0207 612 1830, justyna@hblmedia.com
Nikki Proctor, hblmedia, ph: 0207 612 1830, nikki@hblmedia.com

Notes to Editor:

About BetsForTraders.com

Launched in 2007, BetsForTraders.com is a fixed-odds financial betting website which offers a range of 10 different types of fixed-risk bets on financial markets, single stocks, stock indices and the foreign exchange markets. Bets are fully customisable and operate through a real-time dealing interface.

As well as providing the largest range of bet types in the marketplace, the company offers a range of unique bet options not available through other betting sites. The website allows clients to “build their own bets” by adjusting the parameters using a sliding bar feature to optimise the price-payout ratio and specify the length of each bet, giving clients more control and price transparency.

BetsForTraders.com is owned and managed by Trinitas Capital (IOM) Ltd, based in the Isle of Man in the British Isles. The company is fully licensed to offer financial bets by the Isle of Man government. The Isle of Man is an important global banking centre and one of the best-regulated low tax jurisdictions. It holds a Standard & Poors AAA rating and has a high standard of accountability and numerous player protection laws. Due to its strict regulatory regime, it is one of only a few jurisdictions on the UK Government’s White List, which grants exemption from betting advertising restrictions. Trinitas Capital (IOM) Ltd. is subject to regular audits, software inspections and ongoing regulatory scrutiny by the Gambling Control Commission.