British Bettors Could Soon See £500 Affordability Checks

Must read


Posted on: February 21, 2023, 06:40h. 

Last updated on: February 21, 2023, 08:44h.

As UK Gambling Commission (UKGC) boss Andrew Rhodes continues to assert that the regulator isn’t forcing affordability checks on the country’s gaming industry, insiders are becoming less convinced. The fact that some bettors could soon see £500 (US$600) caps on spending isn’t alleviating the concerns.

Cheltenham Festival
Jockeys race during the Cheltenham Festival. Bettors in the UK could see some version of affordability checks before next month’s races. (Image: Wigan Today)

Rhodes said last week that the UKGC, even though it supports the idea of affordability checks, hasn’t yet made them mandatory. He confirmed this to Racing TV while acknowledging that the agency is working closely with the government on the long-awaited and delayed gambling white paper.

He added that affordability checks will almost definitely be included in the gambling reform, but wouldn’t say in what form. However, William Hill, according to Racing Post, has already implemented a threshold of $600 ahead of next month’s Cheltenham Festival.

British Betting Future Unclear

Rhodes also mentioned that the UKGC has presented data to the government about responsible gambling and behaviors. The goal is to help the UK formulate its updated gaming laws, which have been under revision for three years.

The regulator’s CEO acknowledged that the UK’s “problem gambling” rate is at an all-time low. However, his conclusion of why this is true causes confusion.

Rhodes hinted that the low rate is because of a high volume of betting activity and high betting limits. The fact that heavy traffic results in a lower problem gambling rate counters all the reasons the regulator has given for the justification of greater controls.

In addition, he stated that the UKGC is primarily targeting the “extreme cases.” However, the tens of millions of dollars in fines and “settlements,” and operators’ sweeping changes to limit activity, seem to suggest otherwise.

For Rhodes, affordability checks aren’t a “moral judgment” that responds to what it thinks consumers should be able to spend on gambling. Instead, they’re a response to the regulator’s position on what bettors and gamblers can afford to lose.

Creating Confusion

The UKGC has stated that affordability checks are necessary and, even though it hasn’t officially implemented them, operators are taking notice. As the regulator has continued to hit gaming companies with fines, some have felt the need to proactively introduce controls in order to avoid becoming a target.

The UKGC has told operators that they need to establish “proportionate thresholds,” according to Racing Post. However, it hasn’t offered a definition of what “proportionate” means in this context, which would be a fundamental concept of a regulator’s duties. Instead, Rhodes expects operators to determine on their own how they “satisfy this regulatory requirement.”

With no guidance from the regulator, some operators take this to mean they need to ask their users for pay stubs, bank transaction histories, and more. Otherwise, there’s virtually no way to ascertain someone’s “affordability” and avoid the UKGC’s wrath.

William Hill’s $600 betting threshold could catch some bettors by surprise. The Cheltenham Festival, one of the world’s most popular horse racing events, often sees bets of $1,000 and more. Depending on the sportsbook, the bettor might find their accounts frozen as soon as those wagers are placed.

As the Racing Post aptly points out, a single night in a hotel in Cheltenham for the festival from March 14-17 can cost £400 (US$480). Therefore, a three-night stay for the festival could cost $1,500 just for accommodations, and its likely affordability checks won’t be conducted on those consumers.


Source link

More articles

- Advertisement -spot_img

Latest article

teknologi baru main slot mahjong ways 2 jaminan banjir scatter dan wildlatihan slot demo starlight princess auto menang maksimal 500 jutaslot gampang maxwin terbarucara jitu menaklukan bandar slot onlinepola olympus banjir petircara ampuh menang slot gacor dengan modal kecilslot deposit dana terlengkap dengan slot terkemuka bomb bonanzacara ideal untuk maxwin slot online dengan modal besarpola kuno berhasil menembus slot olympus x500 langsung cuan besarbocoran mantan admin berikan jam efektif bermain slot online mahjong ways 1 dengan modal kecilkonspirasi kerusakan sistem slot olympus 1000 auto pecah x500 dan banjir scatterprediksi slot online situs gama69pola terbaru paling ampuh bermain slot the great ice scape lagi gampang menanginformasi akurat dengan trik pola maxwin sekali buy spin mesin slot hiphop pandacara memperkaya diri dengan bermain slot onlinemain slot dengan santai langsung jackpot profitracikan pola terbaru slot gatotkacapola maxwin lucky nekopola jitu menang membludak pada slot mahjong ways 2slot mahjong ways 2 tergacor rekomendasi orang tersakititrik hoki bermain slot onlineslot mudah maxwin terbaru starlight princess 1000trik curang slot olympus x1000pola ampuh starlight princess x1000memperkaya diri dengan bermain slot online buatan pragmatic playputaran scatter mahjong ways 2 jaminan menang maksimal terbesarpola banjir perkalian beruntun slot mahjong scatter hitamkeajaiban slot starlight princess 1000 kemenangan maksimal 100 jutaslot online extra jackpot terbaruteknik konsisten main slot mahjong ways 2 banjir wild tanpa bataspola gacor slot jitu starlight princessbocoran jam gacor slot gates of olympus x1000trik mudah jackpot dalam bermain slot starlight princesssistem kemenangan jackpot slot online mahjong ways dengan skill spin ajaibbocoran pola gacor mahjong ways2tips mabar slot mahjong ways 2 dari pgsoft ketika kerja shift malamslot gacor gates of olympus yang sedang naik daun karena mudah profit jackpot 100 jutapola keramat slot mahjong ways gampang maxwin 200 juta tiap haritrik mahjong ways tidak mudah boncosmeminta bantuan orang tua untuk menang scatter hitam slot mahjong ways 2pola viral hasilkan slot scatter hitam mahjong wayskombinasi main slot online scatter hitam paling populer di indonesiaprovider pgsoft remsi luncurkan fitur scatter hitam maxwin pada mesin slot mahjonggame super mahjong ways 2 dapatkan bonus scatter hitam dengan hadiah 100 jutaslot scatter hitam hoki pembawa berkah bagi member baru langsung kaya dalam semalamslot maxwin mahjong ways 2 penuh dengan misteri kemenangan besarakun vip slot spesial slot super mahjong ways spesial virgobet88slot gacor server jepangcara mudah jackpot bermain slot sweet bonanza terbaruakun vip slot starlight princesspola gacor mahjong ways2menang slot mahjong ways scatter hitam dengan pola legendarismenjadi pemenang slot legendaris dengan slot gates of olympuspola slot starlight princess untuk menang dalam satu kali pembelian fiturcheat slot gacor perkalian tanpa hentibonus terbatas akhir bulan mei khusus slot scatter hitam virgobet88event dobel bonus kemenangan slot olympus 1000 langsung cair tanpa ribetslot koi gate sedang membara banyak jackpot menanticara menjadi pro player dalam bermain slot onlinerahasia mesin slot server thailandsitus slot gacor gampang jackpotmenang besar slot mahjong langsung pasang nada dering mahjong ways 2 sebagai alarmmain slot mahjong ways asli dengan akun mirip demo slot mahjong waysjudi slot gacor dengan akun vipslot mahjong ways rekomendasi bang jagoslot gacor mahjong wayssistem cheat slot online auto muncul perkalian tinggi x500 khusus slot olympuspola hoki bonanza hari inimodal kecil bisa dapat jackpot di slot bonanzaprediksi petir kakek merah hari inijam gacor mendapatkan scatter hitam slot mahjonghadiah jackpot maxwin dari princess yang cantikbocoran pola gacor slot mahjong ways dari admin sidiqtongkat sakti princess pembawa rezekyadmin jarwo berikan informasi jam gacor banjir slot scatter hitam