Possible Gambling Regulation Review
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Possible Gambling Regulation Review is a possible topic for the UK gambling regulation review. Since the introduction of the 2005 G gambling act, various regulations have been introduced. 2020 saw the new reviews regarding several gambling laws.
The gambling regulation changes will affect the overall player experience. Even pundits favouring more responsible gambling laws fear the overhauls might increase unwanted opportunities.
UK Gambling Commission considers imposing limits on the amount players can bet on casinos licensed by the commission. MPs suggested a £2 limit for bets placed on slot games in land-based casinos.
The commission announced a consultation period during which players were invited to provide their opinion concerning the idea of mandatory affordability checks. Affordability checks involve identifying customers who shell out more than £100 per month on gambling.
The UKGC wants to ban sports sponsorship deals between sportsbooks and clubs and tournaments in the UK. According to stats, clubs in UK Premier League received about £69.6 million in 2019-2020 season from jersey branding deals. The second-tier EFL league has about 15 clubs with jersey sponsorships from gambling operators.
Only 3% of problem gamblers receive specialised help. Commission considers reviewing gambling regulations to include addiction treatment. It also considers incentivising programs such as GamStop and Gamban. It is also considering offering players gambling support and opt-outs.
The DCMS is reviewing all aspects of the UK gambling law. The testing regime will be highlighted by thoroughly assessing gambling products, services, practices, policies and compliances. Operators and game providers will also face stricter regulations to ensure all products are fair and comply with other existing gambling laws in the country.
Gambling regulations will continue to evolve and adapt to the changing landscape and challenges. 2022 should see the introduction of new requirements for different stakeholders and expansion of services such as GamStop. The UKGC already prohibits credit cards and enforces the KYC technology to facilitate Gamstop self-exclusion.
