UKGC published the recent UK gambling data
The UK Gambling Commission published the most recent gambling data in the UK.The data from the operators, covers the period from March 2020 to June 2024, both online and...
UKGC’s new regulation on safer gambling now live
Starting today, UKGC brings financial vulnerability checks on the gaming board to ensure safer gambling.
The UK Gambling Commission (UKGC) is an executive, non-departmental public body of the Government of the United Kingdom, responsible for regulating gambling and supervising gaming law in Great Britain.
Today, the commission has introduced its new regulation on safer gambling. With this new regulation, light-touch financial vulnerability checks will be used in the gaming industry to protect players from gambling beyond their means. The checks apply to all online gambling players who have a monthly net deposit of £500. This means that whenever there is a monthly deposit of £500 from the same person, the gambling operator will have to perform a check to make sure that the player is not under a financial risk. The fixed amount of £500 will not be changed until February 2025. After that, the amount will be lowered to £150.
Earlier this year, in May, the Betting and Gaming Council introduced this method together with UKGC to operate as a voluntary interim scheme.
After different consultations, discussions, and feedback from the public, the UK Gambling Commission decided that this new regulation would use only publicly available data and no other additional personal information would be required from the players.
FAQs
What does UKGC stand for?
UKGC stands for the UK Gambling Commission, a regulatory body responsible for regulating gambling and supervising gaming law in Great Britain.
What are the new financial vulnerability checks introduced by the UKGC?
Starting today, the UKGC has introduced light-touch financial vulnerability checks to promote safer gambling. These checks are designed to protect players from gambling beyond their financial means.
To whom do the new financial vulnerability checks from the UKGC apply?
The new financial vulnerability checks introduced by UKGC apply to all online gambling players who have a monthly net deposit currently of £500. Later, the amount will be lowered to £150.
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