UK Gambling Commission warn on binary options regulation. Published on May 26, 2015. UKGC Regulation Advice. The UK Gambling commission (UKGC) has issued advice to Binary options traders in the UK. They want to ensure consumers fully understand the products on offer, but most importantly, use only licensed and regulated brokers. The UKGC has been responsible for the licensing of binary option brokers in the UK since the 2005 gambling act. The UK government however, is considering moving responsibility to the Financial Conduct Authority (). regulation would offer UK consumers far greater protection and would seem a sensible step, given the growth of binary options trading. The UKGC had not previously shown any great enthusiasm to step into the binary options landscape, so this latest press release is to be welcomed. In it, they suggest consumers “ fully research the market ”. One of the key points made by the UKGC is that traders should be sure to use licensed and regulated brokers only...