UK Regulator fines Bet365 for AML and responsible gambling failures
Due to its failure to uphold requirements for preventing money laundering and encouraging responsible gambling on its online platform, Bet365 was fined £582,120.Two...
UK MPs voice support for £50 online betting limits
Many MPs in the United Kingdom have come forward to ask all iGaming operators in the country to impose £50 limits on online betting and gambling on a daily basis during the COVID-19 pandemic.
Carolyn Harris, Labour MP and chair of the APPG, as well as SNP MP Ronnie Cowan and Iain Duncan Smith from the Conservatives have urged all gambling operators within the UK to ensure that customers are protected during the lockdowns and impose a daily gambling limit of £50.
The MPs collectively stated:
“This would be a clear demonstration that the industry is willing to act responsibly and do what they can to protect society and peoples’ finances, at this dreadful time.”
The MPs also went on to ask gambling operators to initiate blocks on all players who open several accounts, giving them the chance to gamble above the limit, and to speed up the interventions for these players who show signs of problem gambling. Affordability checks also need to be conducted by these iGaming operators, since each person can afford to lose a different amount, and this is not the same for every player.
The United Kingdom has been working hard to tackle problem gambling, and the UK Gambling Commission will be providing a brand new set of rules later on during the year. These new rules will allegedly be much harsher than the current laws, and some are even saying that there may be a complete ban on sponsorship of sports teams, sports advertising and even social media advertising.
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. ...
