Cookies on the Gambling Commission website

The Gambling Commission website uses cookies to make the site work better for you. Some of these cookies are essential to how the site functions and others are optional. Optional cookies help us remember your settings, measure your use of the site and personalise how we communicate with you. Any data collected is anonymised and we do not set optional cookies unless you consent.

Set cookie preferences

You've accepted all cookies. You can change your cookie settings at any time.

Skip to main content
  1. Public Register
  2. Businesses
  3. Spreadex Limited

Spreadex Limited

Account number

8835

Head office address

Spreadex Ltd, 26-30 Upper Marlborough Road,
ST. ALBANS, AL1 3UU, United Kingdom

Regulatory actions

Sanction
What is a sanction?

When a licence holder has not followed rules and regulations aimed at ensuring gambling is fair, safe and crime-free, we can take action and impose the following sanctions:

  • Give the licensee a warning
  • Add, remove, or amend a condition to the licence
  • Suspend a licence
  • Revoke a licence
  • Impose a financial penalty

Decision date: 7 May 2025

Outcomes: Conditions attached to the licence, Financial penalty, Conditions attached to the licence and Financial penalty

Details of action

Following a review of the operating licence of Spreadex Limited (the Licensee), the Commission found that between September 2022 and November 2023 the Licensee:  

Breached paragraphs 1, 2 and 3 of Licence condition 12.1.1: Anti-money laundering - Prevention of money laundering and terrorist financing.

Failed to comply with paragraph 9c of Social Responsibility Code Provision (“SRCP”) 3.4.3: Customer Interaction.

Failed to comply with a specific condition attached to its operating licence

Failed to sufficiently consider ordinary code provision (“OCP”) 2.1.1 Anti-money laundering - casino*.

In line with the Commission’s Licensing, compliance and enforcement policy statement, the Indicative sanctions guidance, and the Statement of principles for determining financial penalties, the Commission has decided to:

  • impose a warning under section 117 (1)(a) of the Gambling Act 2005 (the Act); 
  • impose a financial penalty of £2,022,000; and,  
  • attach an additional condition to the Licensee’s operating licence under section 117(1)(b) of the Act.  

The Licensee co-operated with the Commission throughout the investigation.

* An OCP sets out good practice. Operators may adopt alternative approaches to those set out in ordinary code provisions if they have fully considered the risk and recorded its reasoning

Is this page useful?
Back to top