Gambling Review White Paper update

[Euler]

Here is the paper in full - https://assets.publishing.service.gov.u ... sible1.pdf

Next stage is consultation.

[Euler]

More prescriptive rules on when online operators must check customers’ financial circumstances for signs their losses are harmful. These start with light touch checks at moderate spend levels (we propose £125 net loss within a month or £500 net loss within a year) and escalate to more detailed checks for the highest spenders (we propose £1,000 net loss within a day or £2,000 net loss within 90 days).

[ShaunWhite]

Which Ian Duncan Smith appears to be trying to circumvent and move it straight into legislation.

Reviews and amendments are essential functions performed of the House of Lords. One reason politicians are so keen to abolish it.

[Euler]

No planned changes to scratch cards or lottery as that's a different act. You have to be kidding me!

[Euler]

The Gambling Commission will consult on two forms of financial risk check.
Firstly, background checks at moderate levels of spend, to check for financial
vulnerability indicators such as County Court Judgments. We propose these
should take place at £125 net loss within a month or £500 within a year.
Second, at higher levels of spend which may indicate harmful binge gambling
or sustained unaffordable losses (we propose thresholds of £1,000 net loss
within 24 hours or £2,000 within 90 days), there should be a more detailed
consideration of a customer’s financial position. We also propose that the
triggers for enhanced checks should be halved for those aged 18 to 24 given
evidence on increased risk.

[jimibt]

being covered in the Jeremy Vine show as we speak!! will be interesting to hear some of the caller opinions

[Michael5482]

Wow it gets worse by the hour. Puts horse racing bang in trouble IMO but only itself to blame as it's sat by and done nothing as per usual.

[ShaunWhite]

we propose thresholds of £1,000 net loss within 24 hours

What pro doesn't have days when they're a grand down?

And the bigger point is if I win 2 grand yesterday and lose 1500 today then where's the loss?

[ShaunWhite]

being covered in the Jeremy Vine show as we speak!! will be interesting to hear some of the caller opinions

I only watch Jeremy Vine to see Storm and Marina Purkiss.

[ilovepizza82]

That will kill arbing in the UK.

If that happens im moving to the black market.
Its their loss, not mine.

[Emmson]

Tories were traditionally opposed to the "Nanny State" as they called it, what is driving this? The malignant Daily Mail is it?

[Michael5482]

Apologies I called it wrong the white paper does include a new ombudsman for gamblers to make complaints to. A positive to take out.

[Archangel]

I wonder where the affordability checks will be in the casinos!

"We will also permit casinos of all sizes to offer sports betting in addition to
other gambling activities and will take steps to reallocate unused 2005 Act
casino licences to other local authorities"

[Michael5482]

Looks like The BHA have sold there soul in the hope of a good return on a new betting levy review Oh dear

https://www.britishhorseracing.com/pres ... ite-paper/

[jamesedwards]

The way I expect this to work is not a problem for most on here.

> Once you breach the low threshold loss of £125 the operator is obliged to conduct a soft credit file check to look for any obvious signs of financial distress such as bankruptcy/CCJs etc.
> Once you breach the high threshold loss of £1000 per day or £2000 per 90 days the operator is obliged to conduct an affordability score via a credit agency to check the customer spend is reasonable compared to their debts and estimated income. I've already shared how Experian expect this to work earlier in this thread.

We don't yet know how Betfair will choose to manage the measure and frequency of the checks but my expectation is that Betfair will use their existing 'deposit limit' and 'exposure limit' systems to manage maximum losses based on the result of the affordable limit score.

My advice remains the same; make sure your credit score is managed as carefully as possible and if Betfair is your only income, try and regulate withdrawals consistently into your bank account. eg one similar payment on the same time every month so it looks like a salary. The credit agencies can see money going into and out of your bank account but not where it comes from or goes to.