Bet Theory UK Ltd
Bet Theory UK Ltd is an online betting operator that previously held UKGC licences from late 2022. The company, which traded as Stakemate, has since surrendered all its licences. It doesn't have any history of regulatory enforcement.
Positive Signals
- No enforcement actions on record
- Domains show strong 'A' grade SSL security
Concerns
- All UKGC licences are Surrendered
- Very short operational history as a licensed operator
Overview
Operator Type: Online betting and gambling software operator
Bet Theory UK Ltd is a London-based company incorporated on 17 June 2022. It's a newer entrant to the UK gambling market. Companies House records show the company is directed by Arya Alexander Tayebi, who is also listed as the person with significant control, owning 75% to 100% of the shares.
The UK Gambling Commission (UKGC) first licensed the company on 23 December 2022. It held licences for gambling software, real event betting, and acting as a betting intermediary. This combination allowed it to both create gambling software and offer betting services to the public.
However, all of the company's UKGC licences are now listed as Surrendered. This means Bet Theory UK Ltd can't legally offer gambling services to customers in Great Britain. The company operated online under the trading name Stakemate. Its associated domains, stakemate.io and bettheory.io, show strong 'A' grades for SSL security, but the regulator considers them inactive.
There are no regulatory actions or fines on record for Bet Theory UK Ltd. While this is a positive sign, the company's licensed operational period in the UK was very short.
Where Is This Operator Based?
Understanding where an operator is based matters for regulatory accountability. UK-based operators are subject to UK courts and consumer protection laws.
This operator is headquartered in the UK and registered with Companies House. They are fully subject to UK courts, consumer protection laws, and regulatory oversight.
Licence Details
Bet Theory UK Ltd previously held three UKGC licences: Betting Intermediary, Gambling Software, and General Betting Standard - Real Event. A betting intermediary licence allows a company to act as a middleman in betting transactions. The gambling software licence permitted it to create and supply software for gambling sites. All licences were granted on 23 December 2022 and now have a status of Surrendered.
| Licence Type | Status | Granted |
|---|---|---|
| Betting Intermediary | Surrendered | |
| Gambling Software | Surrendered | |
| General Betting Standard - Real Event | Surrendered |
Enforcement & Compliance History
No regulatory actions recorded.
No enforcement actions recorded.
This operator has no public enforcement actions, financial penalties, or regulatory warnings on record with the UK Gambling Commission.
Corporate Structure
Bet Theory UK Ltd was incorporated on 17 June 2022 and its company status is active. The sole director is Arya Alexander Tayebi. Mr. Tayebi is also the person with significant control, owning between 75% and 100% of the company.
BET THEORY UK LTD
Active- Company Number
- 14179874
- Incorporated
- 17 June 2022
- Registered Address
- 5 New Street Square, London, EC4A 3TW
Directors & Officers
| Name | Role | Residence | Appointed |
|---|---|---|---|
| TAYEBI, Arya Alexander | director | 🇬🇧 United Kingdom | 17 June 2022 |
Associated Domains
The company is associated with several domains, including stakemate.com and stakemate.io, under its trading name Stakemate. The stakemate.com domain has a Trustpilot score of 4.4 out of 5 from over 1,100 reviews. Key domains like bettheory.io and stakemate.io have an 'A' grade for SSL security, which shows a strong technical setup for data protection.
| Domain | Brand | Status | Site Type |
|---|---|---|---|
| bettheory.io | - | Inactive | - |
| stakemate.com | Stakemate | Active | Sportsbook |
| stakemate.io | - | Inactive | - |