As part of its three-year plan to make gambling “safer and fairer”, the UK Gambling Commission has unveiled new rules slated to come into effect on 7 May 2019. Among them are new restrictions placed on betting operators governing customer identity verification.
Ladbrokes finds itself in hot water once again after allegedly letting a gambling addict spend hundreds of thousands of pounds’ worth of stolen money and then paying five of the gambler’s theft victims £975,000 in return for a promise not to tell regulators.
Labour Party Deputy Leader Tom Watson has published a sweeping policy report on gambling that recommends a ban on the use of credit cards for betting and prohibiting gambling advertising during live sporting events, among other proposals.
The UK Gambling Commission (UKGC) issued a 63-page review of online gambling last month detailing the current state of online gambling, providing interesting market data and making four key policy recommendations in an effort to “provide greater protection to consumer.”
The UK Gambling Commission has dished out its second-highest ever fine to a licensed operator. Yesterday, the UKGC announced that William Hill has been fined £6.2 million for failing to prevent money laundering and problem gambling.