Coral

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LeTiss
Posts: 5464
Joined: Fri May 08, 2009 6:04 pm

Just had an email from Coral.

From 20th May they are updating their terms and conditions. Every customer will be required to verify their accounts and they will also be asking for customers to provide banking information and source of funds!

Just to place a £20 football bet ffs :o :o

The betting industry is about to die, no question
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ShaunWhite
Posts: 10354
Joined: Sat Sep 03, 2016 3:42 am

Shops too?
If it's harder for people to use bookies then a percentage of them will drift to Betfair. If it's going to be agro either way then there's not much incentive to use bookies anymore who's only angle has been simplicity.

The industry isn't dying but it is evolving, platforms like Polymarket have seen huge increases in volume even excl the Presidential markets. And Betfair's numbers have been slightly up year on year from what my stats are telling me.
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Andriy
Posts: 85
Joined: Fri Dec 20, 2013 5:39 pm

So that will be Ladbrokes as well, and i assume the other majors will follow suit... if PP/Betfair ask for source of funds, this will be messy.
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wearthefoxhat
Posts: 3551
Joined: Sun Feb 18, 2018 9:55 am

Let's say in the next 5-10 years, the model of betting dependency for horse/greyhound racing collapses. Levy schemes, media rights, advertising revenues/sponsorships are no longer. What would still survive on-line/off-line?

First answer, maybe not much. Assuming the government of the day won't step in, reckon more tracks will close resulting in a Hong Kong style set up, with maybe Tote betting on-course, being revived in some form. Attendance will be more important, as long as it's cost effective and the racegoer gets a good experience for their day out.

The betting aspect may be kept under control with a pre-loaded budget card, that has gone through all the financial checks, and can be used on the Tote or spent on the racecourse. If can only be topped up after further pre-checks set up by the gambling commission and banks. :?

Greyhound racing would be set up in a similar way, maybe a couple more like the Wolverhampton one, that will be set within the confines of an existing racecourse. (All Weather)

Betting shops would all close. They would likely need a casino licence for each shop to maintain the FOBT's, and that ain't cheap. Sports books might open in existing casinos, but be strongly regulated.

As it looks as though it's heading towards a more dystopian future, I asked GPT to brainstorm some ideas on what it might morph into.

  • Fantasy Racing Leagues: Users build stables, choose line-ups, earn points based on performances. Could be monetized without gambling (subscriptions, in-game purchases).

    E.Sports-style Virtual Racing: Digitally recreate famous races or AI-run leagues. Could be streamed and spectated globally.

    Augmented Reality at Tracks: Make the live event like a theme park experience — interactive screens, AR glasses showing horse data, trainer interviews on-demand.

    Racing as Mindfulness: Watch majestic animals run for joy. Embrace the Zen of the gallop. Could be marketed alongside retreats, yoga classes, and ethical farming.

    Cultural Preservation: Governments or non-profits fund it as a heritage sport, like falconry or cheese rolling. Minimal revenue, but enough to keep the lights on
.
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ForFolksSake
Posts: 862
Joined: Sat May 11, 2024 2:51 pm

LeTiss wrote:
Wed May 14, 2025 4:31 pm
Just had an email from Coral.

From 20th May they are updating their terms and conditions. Every customer will be required to verify their accounts and they will also be asking for customers to provide banking information and source of funds!

Just to place a £20 football bet ffs :o :o

The betting industry is about to die, no question
https://www.euronews.com/video/2025/02/ ... ing-market
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