Haven’t heard anything new about the tax treatment of SB or CFD’s. It seems ESMA don’t see the difference but HMRC do.
Its ironic that the price we have paid for having a better regulated SB sector classed as a financial service rather than gambling (as it is in some countries), is that we now might face a financial regulator clamp-down on the very services we use. If we were treated as gamblers this wouldn’t be happening.
So I wonder if some of the larger firms in the conventional gambling sector might see an opportunity here to offer something novel to trawl in ex-financial SB traders?