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The prize draws and competitions (PDC) industry has grown rapidly in the UK in recent years. The market is smaller than the National Lottery but still significant. It is estimated that around 7.4 million adults (14% of the adult population) have participated in PDC's in the last year (as of November 2023), spending an estimated total of £1.3 billion.

The High Court found in favour of an online spread betting company in a claim for £1.3 million in unpaid debts against a real estate tycoon following the close-out of a...