Money launderer's and criminals moved onto Crypto years ago, genuine gamblers are now left with being either a money launderer or an addict incapable or managing their own finances while the criminals carry on un-hindered in the world of Crypto.Crumpets wrote: ↑Sat Aug 31, 2024 8:22 pmI thought a lot of 'problem gambling' issues were resolved when they banned accounts from using credit cards?
As I understand it, affordability checks are more to do with organisations terrified of harsh fines for potential money laundering?
And with that in mind....
I'm seeing the potential for big players (gamblers especially) being 'cancelled' for large deposits/individual losses. Does the forum have any idea of what constitutes acceptable losses for a large gambler, and what losses imply something dodgy? How wide is the gap?
Are launderers really going to be stopped by a loss of 500 quid a month? Surely that will only harm gamblers and traders?
I have no idea how big operators work on the exchange, but would be very interested if any experienced heads putting forward their views.
Surely there is something j'm missing..?
The affordability checks are based on net deposits not losses but you'd expect bookmakers to tighten up on losses going forward, how they do that remains to be seen.
There was lots of good information on here to try to insulate yourself with the checks coming up with enhancing your credit score, build your bank slowly month by month with smaller deposits etc but unfortunately were in place were we'll have to see how it plays out over the next 3-6 months, that's all anyone can do at the mo.