Solomon Markets Limited
Solomon Markets Limited is a dissolved company whose UKGC licences were revoked. It previously held gambling software and betting intermediary licences from 2019 until 2023. The Gambling Commission revoked its licences for non-payment of fees.
Positive Signals
- No enforcement actions recorded before licence revocation
Concerns
- UKGC licences revoked in February 2023
- Revoked for non-payment of licence fees
- Company status is dissolved
Overview
Operator Type: Gambling software and betting intermediary provider
Solomon Markets Limited is a former UK-licensed gambling operator whose licences were revoked by the Gambling Commission. The company's status with the UKGC is now 'Revoked'. It no longer holds any permission to provide gambling services in Great Britain.
The regulator revoked the company's two licences on 6 February 2023. UKGC records show the reason for the revocation was 'Non Payment of Fee'. This action ended the company's ability to operate legally in the UK market.
Corporate records from Companies House show that the company, SOLOMON MARKETS LTD., is now dissolved. It was first incorporated on 17 August 2017. Mr. Jay Prasad was listed as a director and the person with significant control, holding over 75% of the company's shares and voting rights.
Before the revocation, the operator held licences for just over three years, starting on 6 December 2019. The company doesn't have a history of regulatory fines or sanctions beyond the licence revocation itself. Its trading name, 'Solomon Markets', is listed as inactive.
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
Solomon Markets Limited's licences are now revoked. It previously held a Betting Intermediary licence, allowing it to act as a middleman for betting, and a Gambling Software licence to create and supply software for gambling sites. Both were revoked on 6 February 2023 for non-payment of fees.
| Licence Type | Status | Granted |
|---|---|---|
| Betting Intermediary | Revoked - Non Payment of Fee | |
| Gambling Software | Revoked - Non Payment of Fee |
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
The operating company, SOLOMON MARKETS LTD., was incorporated on 17 August 2017 and is now listed as dissolved. Records show Mr. Jay Prasad was a director and held between 75% and 100% of the company's shares and voting rights.
SOLOMON MARKETS LTD.
Dissolved- Company Number
- 10920668
- Incorporated
- 17 August 2017
- Registered Address
- 52 Grosvenor Gardens, London, SW1W 0AU
Directors & Officers
| Name | Role | Residence | Appointed |
|---|---|---|---|
| PRASAD, Jay, Mr. | director | 🇬🇧 United Kingdom | 1 January 2019 |
| SOLOMON MARKETS HOLDINGS LLC | corporate-director | — | 3 January 2018 |
Associated Domains
No domains registered.
This operator does not have any registered domains in the UKGC public register. This is typical for land-based operators, B2B suppliers, and lottery operators.