UK gambling affordability test to be scrapped after public outcry
Opponents of the UK government’s proposals to introduce mandatory “affordability checks” for players and bettors have reached a major milestone. An official petition against the intrusive measure, which will lead to forced parliamentary intervention, has gathered more than 102,424 signatures.
The petition on the Government website exceeded the 100,000 request threshold. The Stop Gambling Affordability/Financial Risk Check initiative has reached this point in just a few weeks.
The petition highlights widespread concerns surrounding the proposed affordability test. The latest version of the initiative will require individuals to demonstrate financial stability when gambling losses reach £125 (approximately $158) in a month or £500 (approximately $631) in a year.
Debate over these controls, as well as the new tax plan, has been contentious within the gambling industry amid fears they would have a devastating impact, potentially causing losses of more than £250 million ($315.92 million). Critics argue that these controls could further complicate the regulatory environment by prompting bettors and players to move to unregulated platforms.
A complex debate
The UK Gambling Commission, which oversees gambling in the country, is expected to play a role in an upcoming parliamentary debate. The committee is reportedly helping to put the discussion on the agenda, but a specific timetable for the debate remains unclear.
As the petition successfully passes the 100,000 signature mark, the UK government must address the concerns raised and initiate a parliamentary debate. This should enable a comprehensive review of the proposed affordability test and its potential impact on the gambling industry.
The UK has a well-established gambling market and is often used as a benchmark by other countries when considering gambling regulations.
UKGC launches new consultation
Industry players now have another opportunity to continue their efforts to shape the future of gaming in the UK. The UKGC has launched a second round of consultation on the recommendations set out in the Gambling White Paper to gather views from consumers, gambling operators and other interested parties.
The discussion platform opens on November 29th. During the 12-week consultation period, industry figures will again be able to comment on a variety of topics.
These include recommendations for socially responsible incentives, with a particular focus on free bets and bonuses linked to responsible gambling measures. Additionally, the consultation will explore customer-focused tools, such as the introduction of deposit limits, aimed at making it easier for them to manage their gambling activities.
Transparency in protecting client funds is another important aspect. Proposals are currently being developed to give consumers greater clarity on how to protect their money through a licensee in the event of bankruptcy.
The committee is also considering removing requirements that have become obsolete as a result of the Government's upcoming Legislative Levy. The tax replaces voluntary contributions made by gambling operators to certain gambling research, prevention and treatment organizations.
It is also proposed to standardize the reporting frequency of regulatory data for all operators and change reporting from annual to quarterly reporting. The window to submit feedback remains open until February 21 next year.
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Source: www.casino.org
