Thrill-seeking young investors warned over high risk bets

A new breed of thrill-seeking investors is taking huge financial risks on assets such as bitcoin, according to the City watchdog. In an alarming report, the Financial Conduct Authority (FCA) said trendy investment apps and social media platforms were fuelling speculative bets on the markets. The regulator said this ‘new, younger, more diverse’ group of … Read more

Ski coach to stars, Oli Dannat, bets on winter holiday boom

Sir Richard Branson’s former ski instructor launches funding drive to expand his SkiYodl travel booking app in bet on holiday boom next winter By Alex Lawson, Financial Mail On Sunday Published: 21:50 GMT, 23 January 2021 | Updated: 21:50 GMT, 23 January 2021 Sir Richard Branson’s former ski instructor has launched a funding drive to … Read more

Fears over share platforms touting bets that often lose money

Concerns are rising over the emergence of new-style online trading platforms that encourage stock market novices to invest in complex financial instruments.  Critics say the websites, which offer free trading, are promoting financial products unsuitable for long-term investing – taking advantage of the fact that hundreds of thousands of Britons are looking to better the … Read more

Strictly’s Bill Bailey says he MUST win the show as his friends have placed bets on him

He has defied expectations on Strictly Come Dancing with his impressive dance moves as he continues to nail his routines alongside dance partner Oti Mabuse. And Bill Bailey has revealed that he is desperate to win this year’s competition because a lot of his friends have confidently placed bets on him. The stand-up comedian, 55, … Read more

US Election 2020: UK businessman bets $5m on Donald Trump victory

Mystery British businessman bets $5million on Donald Trump winning the US presidential election in ‘largest political wager ever made’ The financier placed his bet with private bookmaker in Curacao in the Caribbean The man is a former-banker and is said to have spoke to ‘Trump camp insiders’  Experts believe it is the biggest number ever placed … Read more

Coronavirus: Ministers warn ‘all bets are off’ on Christmas

Is Christmas doomed? Ministers warn ‘all bets are off’ if coronavirus cases are still high in December because high infection rates could scupper the PM’s hopes of ending lockdown ahead of festive period Boris Johnson is hoping his four week national lockdown will end on December 2 But ministers fear high infection rate could scupper … Read more

MARKET REPORT: All bets off at GVC as Germany brings in wager limits

Ladbrokes Coral-owner GVC started the week in the red after tough regulations were imposed on four new gambling licences in Germany. Authorities have given the green light for the Bwin, Ladbrokes, Gamebookers and SportingBet brands to operate in the country. But they come with a wager limit of £90 a month, which can be increased … Read more

Britain bets on another coronavirus vaccine with £1.3billion investment in Scottish factory

The UK Government is investing £1.3billion in a French company’s vaccine factory in Scotland in the hope it will produce a working jab against Covid-19. Valneva, which is one of at least seven companies to have sold orders of its vaccine to Britain, will manufacture the jab at a facility in Livingston, Scotland, if it … Read more

SoftBank is the Nasdaq whale that drove up tech stocks with options bets

SoftBank made significant option purchases during the run-up in the U.S. stock market in recent weeks as a way of temporarily investing some proceeds from asset sales, people familiar with the matter said on Friday. Investors had been speculating about the ‘Nasdaq whale’ conducting massive options purchases. Now, sources tell the Wall Street Journal that … Read more