UK to Implement Financial Checks for Gamblers
Starting from August 2024, the UK will introduce financial checks for players surpassing certain spending limits, with additional measures coming into effect in February 2025. The Gambling Commission has released details following the initial consultation phase on forthcoming regulations outlined in a white paper.
Under the new rules, players exceeding £500 in monthly spending will undergo financial scrutiny, while those surpassing £150 will be subject to checks starting February 2025. These checks will involve examining publicly available financial data, including bankruptcy records and histories of unpaid debts.
Andrew Rhodes, the chief executive of the regulator, emphasized the importance of evidence-based rules that consider input from consumers and stakeholders. A six-month pilot phase will test data-sharing mechanisms, including open banking, to facilitate seamless checks. However, concerns remain about the feasibility of such checks given current technological limitations.
2 May 2024, 14:00
Casino and Games
Norfolk casino project approved by Architectural Review Board
26 September 2024, 14:37
Brazil's WA.Technology Acquires Onseo
24 September 2024, 17:24
One of Germany's states has been given the green light for online casinos and poker
22 September 2024, 09:30
MGM Resorts applies for UAE casino licence
20 September 2024, 15:04
EveryMatrix Set to Acquire Fantasma Games
19 September 2024, 15:00
Flutter Entertainment to Buy Playtech's Snaitech for $2.56 Billion
17 September 2024, 16:48
Other news
Gambling adverts during football matches triple in UK
29 September 2024, 16:17
Merkur Group founder to step down as chairman after 67 years at the helm
29 September 2024, 09:22
Dutch players demand bookmakers refund their money
28 September 2024, 15:14
Flutter Enters Top 3 Largest Bookmakers in Brazil
28 September 2024, 10:08
DraftKings to Pay $200,000 Fine Over Social Media Post
27 September 2024, 15:41
Star Entertainment Group Reports Financial Downturn
27 September 2024, 10:54
Norfolk casino project approved by Architectural Review Board
26 September 2024, 14:37
Flutter Entertainment aims to triple profits
26 September 2024, 09:19
Five social casino ads banned in UK
25 September 2024, 10:27
Brazil's WA.Technology Acquires Onseo
24 September 2024, 17:24
ESPN Bet Could Launch in New York by Weekend
24 September 2024, 08:30
EveryMatrix Appoints Former Entain Employee as Product Director
23 September 2024, 17:03
Articles
Why will the Snaitech deal double Flutter's market share in Italy?
26 September 2024, 16:00
Hiring Talent from Different Industries: Why and How?
26 September 2024, 09:09
The Social Casino Phenomenon: Real Money and Databases for Bookmakers
20 September 2024, 17:18
Dividing the Peruvian Pie: Who Will Take Over the Market After the Regulatory Law?
20 September 2024, 14:10
Expert Opinion: Why Betting Can't Survive Without AI Analysis of Sports Data
13 September 2024, 11:00
Categories