Revolutionizing the UK betting industry, Party Gaming has created a new product that allows users to gamble on financial markets.
Launched in July 2008, PartyMarkets enables gamblers to purchase Contracts for Difference (CFD's) and place spread bets on economic fluctuations, both of which empower users to wager on the rises and falls of global markets.
Party
products
This is a new
step for PartyGaming, which traditionally deals with more mainstream gaming
such as poker rooms and online casinos. The initiative was made possible by the alliance formed with City
Index, who provide retail derivative trading through CFD's, spread betting and
foreign exchange options.
While still in stages of development, PartyMarkets aims to reach customers in the UK, EU and Asia, giving them the opportunity to trade in financial markets around the world.
Not as
simple as it seems
Even though
gamblers don't own the assets that they're trading with PartyMarkets (they
simply wager on whether the asset will change in worth and by how much), this
type of gaming requires a high level of user skill and knowledge. The company even
warns new users that costs can quickly out-grow initial deposits.
PartyMarkets is regulated by the Financial Services Authority in the UK, which is necessary considering the complexity of the auditing involved.
Tags
Spreadbetting
Blackjack
Slots
Roulette
Baccarat
Craps
Poker
