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. Regulatory action register
  3. Settlement for Netbet Enterprises Limited

Netbet Enterprises Limited

Account number:
Decision date:
28 October 2020
Payment in lieu of financial penalty, Commission costs and Public statement


Between 20 November 2018 and 29 May 2019 NetBet failed to comply with two licence conditions focused on social responsibility and anti-money laundering. Failures included not carefully scrutinising source of funds documentation provided by customers and not implementing its responsible gambling policy effectively.

NetBet have addressed failings identified by the Commission by making a number of changes to its processes.

In line with our Statement of principles of licensing and regulation, NetBethas agreed a regulatory settlement, consisting of:

  • £748,000 payment in lieu of a financial penalty, which will be directed towards delivering the National Strategy to Reduce Gambling Harms.
  • agreement to the publication of a statement of facts in relation to this case.
  • payment of £8,806 towards the Commission’s costs of investigating the case.

Agreement to the publication of a statement of facts in relation to this case - with the news story/ public statement being linked off the "a statement of facts".

Is this page useful?
Back to top