BGC Wants Seamless Affordability Checks on UK Bettors
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- Category: Gambling Industry
- Created: Friday, 19 January 2024 20:47
After the UK government announced the debate on the proposed financial risk checks, the Betting and Gaming Council wants the government to implement seamless affordability checks. They want the process to be unintrusive to players.
If the original idea goes through, gaming businesses must verify that their customers can afford to gamble if they lose a moderate amount of money. Operators are responsible for acting if they identify a client like this to prevent them from losing further money and developing a gambling addiction. According to government estimates, only around 20% of customer accounts will be subject to such audits yearly.
Neil Truesdale, CEO of The Jockey Club, created a petition to halt the UK government's plans to enact this legislation. According to sportsbook reviews and news sites, the petition successfully gathered over 100,000 signatures, which led the government to arrange a discussion on the subject. The British horse racing business and the possibility of discrimination were two of the main concerns voiced by those who were against the plan.
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