The UK Gambling Commission (UKGC) says its new online gambling licensing regime has not led to the creation of a massive black market of unapproved operators.

The UKGC issued its annual report this week, which included an initial review of its new online licensing regime, which took effect on Nov. 1, 2104. The new regime eliminated the so-called ‘white list’ of online gambling licensing jurisdictions and required all UK-facing operators to hold UKGC-issued licenses. The new regime also required UK-facing operators to pay 15% point-of-consumption tax (POCT) on revenue generated from UK punters.

The UKGC says it had identified “about 150” operators doing business in the UK under whitelist or European Union licenses. The UKGC says that “almost without exception,” these operators are now operating under UKGC licenses.

The “limited exceptions” that opted not to obtain a UKGC license have withdrawn from the UK market and are now blocking UK gamblers from accessing their sites. As a result, the UKGC says it has gone from regulating “less than 15%” of the UK online gambling market to “nearly 100%” of UK-facing operators.