Lottery in the U.K. is essentially a non for profit about half of the proceeds go to the winners, a quarter goes to charitable causes set by the parliament, ~15

Lottery in the U.K. is essentially a non for profit about half of the proceeds go to the winners, a quarter goes to charitable causes set by the parliament, ~15% is a duty that goes to the government and the rest is used to cover the operational costs, retailer commissions etc. Camelot, the operator can only draw on 1% of the proceeds for profit. If derivatives traders are willing to adopt this business model I’m sure the FCA will reverse the ruling.