Gambling Commission Announcement & Government consultation

News, chat and debate about the Betfair betting exchange.
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Archery1969
Posts: 3213
Joined: Thu Oct 24, 2019 8:25 am
Location: Newport

Politicians always use a rock to crack a nut.

In the UK we had the same kind of issues with firearms:

1986 - 1 person goes mad and 178,000 lost their semi-auto centrefire rifles.
1996 - 1 person goes mad and 287,000 lost their handguns.

In both cases above neither person should have been granted a certificate/firearm in the first place. Both Chief Constables involved were highly culpable for what happened. But as usual neither prosecuted and retired with pensions intact.
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blablok
Posts: 72
Joined: Tue May 24, 2022 12:14 pm

Archery1969 wrote:
Mon Jul 18, 2022 3:48 pm
Just been listening to an MP who said "Wonder how much Russian money" is being pumped into betting exchanges. :o

This could all go south pretty quickly.
"Wonder how much Russian money" is being pumped into betting exchanges....
Wonder how much RUssian money is being pumped into UK politcian offices and british mainstream media.
Lets play this game then. :)
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firlandsfarm
Posts: 2722
Joined: Sat May 03, 2014 8:20 am

How would they design an admin system to administrate such a law/regulation? I can't think how I would bring together an individual's overall betting returns so that what are deemed to be 'troublesome losses' with one can be offset by profits with another unless we are to be given a "Betting ID" and big brother is sent all the data from all the betting suppliers/platforms so that a net position can be monitored ... I can't see that happening. Maybe you would be automatically suspended if you return a "troublesome loss" and it would be up to you to show you made profits elsewhere ... yeah right, can't see anyone agreeing to that!

This is bringing betting to the front line, might they also try and include some way to tax profits without 'allowing' net losses offsets?

Business idea: How about becoming a VPN supplier for people wanting to use offshore bookmakers/exchanges.
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

firlandsfarm wrote:
Mon Mar 13, 2023 11:00 am
Business idea: How about becoming a VPN supplier for people wanting to use offshore bookmakers/exchanges.
Amazon and NordVPN have beaten you to that idea :)
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Derek27
Posts: 23618
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Great news for many on here if the GC close all your accounts. New apprenticeships for people over 50 who want to return to work. :lol: :lol: :lol:
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jamesedwards
Posts: 2299
Joined: Wed Nov 21, 2018 6:16 pm

Derek27 wrote:
Wed Mar 15, 2023 5:27 pm
Great news for many on here if the GC close all your accounts. New apprenticeships for people over 50 who want to return to work. :lol: :lol: :lol:
not all of us are OAPs.
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Derek27
Posts: 23618
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

jamesedwards wrote:
Sat Mar 18, 2023 12:20 am
Derek27 wrote:
Wed Mar 15, 2023 5:27 pm
Great news for many on here if the GC close all your accounts. New apprenticeships for people over 50 who want to return to work. :lol: :lol: :lol:
not all of us are OAPs.
I said many.
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