ICO to crack down on personal data usage in online gambling Marketing

The ICO,(Information Commissioner’s Office) seeks information from 400 online gambling companies over spam texts.Online gambling providers and affiliates face probe over nuisance text messages: Investigation over claims companies are using personal details of customers
An investigation has been launched by the ICO into allegations that online gambling providers are bombarding millions of people with spam text messages and emails. There are concerns that hundreds of the gambling marketing companies are using private numbers and personal details illegally to promote online gambling websites
The Information Commissioner’s Office has warned 400 online gambling operators it believes are using personal data to promote their websites. The ICO is demanding these companies explain how they obtained people’s personal information
In a statement, the regulatory body announced it will write to companies demanding to know how they use such details and send marketing texts, including how they obtained the information and how many texts they send.

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BitCoin Futures Exchange

Bitcoin price is extremely volatile. If an investor owns Bitcoins, it is good idea to open PUT options positions as a hedge. For Example., if a trader has 3.54 BTC and is concerned that the price may fall, he can buy 354 standard put options with the current BTC/USD price as the strike price. His risk is then totally hedged because all possible loss of your 3.52 BTC will be compensated by the profit of the put options.

If an investor predicts the price will rise, you can either buy a call option or sell a put option. Contrarily, if he predicts the price will decline, he can either buy a put option or sell a call option.
Volatility trading
Foretelling the market direction is usually hard while foretelling the volatility could be simpler sometimes. Via options, investors can trade volatility.
Long volatility
If BTC/USD exchange rate is now 500, and a trader understands the volatility will be high, he can simultaneously buy a CALL option with a strike price equal to 520 and a PUT option 480. Then he will be able to take a profit no matter which direction the BTC/USD exchange rate goes in as if it goes above 520, the CALL option will win, and if the price goes below 480, the PUT option will win.
Short volatility
If the BTC/USD exchange rate is currently USD 500, and the trader identify the volatility will be flat, he can simultaneously buy a PUT option with a strike price of USD 520 and a CALL option at USD 480. Then the trader will be able to make a profit no matter which direction the BTC/USD exchange rate moves . As long as the price is within the range of 480 USD and 520 USD, his options will win.

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