UK CMS Committee publishes report on gambling
The UK Parliament’s Culture, Media, and Sports Committee has recently published a report on the proposed changes introduced by the country’s gambling regulation white paper.
The committee’s report started off by highlighting the size of the United Kingdom’s gambling industry, which generates over 14 billion pounds per year, solidifying itself as one of the largest gambling markets in the world. The committee also mentioned that while half of all of the country’s adults enjoy the pastime, over 300 thousand people experience problematic gambling behaviors.
The committee stated that as more and more gamblers transitioned to the online vertical, it became necessary to overhaul the country’s gambling regulations to ensure they were fit for the digital age of gambling. The process for this was originally started in 2020, however, due to a number of delays, the UK’s gambling legislation white paper was only published this year.
The report largely expressed the committee’s support for the changes proposed by the white paper, making small suggestions such as limiting online slot bets to 5 pounds and ensuring that affordability checks are reasonably frictionless. The committee stated that the government should have approached the topic of gambling advertisements with more precaution to further limit the spread of problem gambling, particularly among younger people and minors.