๐Ÿ– GC pledges regulatory changes by September | iGaming Business

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Its verdict comes after the government promised to review the Gambling Actโ€‹, following successive scandals that have cast doubt on the.


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willing to act, if necessary, using our powers to suspend and revoke operating and personal licences. Business plan. beadhall.rungcommission.โ€‹gov.


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Its verdict comes after the government promised to review the Gambling Actโ€‹, following successive scandals that have cast doubt on the.


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With a comprehensive government review of the Gambling Act on the cards, should the UK industry be braced for a radical shake-up of 05 March


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Scandals over abuses in the gambling industry have created A review of the act will require a Budd report fit for the digital age. Gambling Commission 'is being outgunned' by betting companies.


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โ€œthe changeโ€ means the amendment to the conditions attached to lottery operating licences made by the Commission under section 76(1) of the Act to give effect to.


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The British Gambling Commission has set out five key priorities for its the Government's planned review of the Gambling Act,โ€ McArthur said.


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(3) This Act shall come into force on Bhadra 1, 2. Definition: In this Act,' gambling' means any game of chance which is played upon laying a person shall be prosecuted and punished for the commission and causing.


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A familiar theme now dominates the front pages: for too long, the betting industry has encouraged excessive spending, exploited vulnerable people, and failed to tackle money laundering or protect its customers. Research suggests that there are just under half a million problem gamblers who have their lives damaged by debt, depression, family breakdown and, in the worst cases, suicide. Reuse this content. If the same happens now, then by the time a new act comes into effect, in , the industry will have changed beyond recognition, with new products, new markets and new types of currency. There has also been a Lords inquiry into gambling, an all-party parliamentary group inquiry into gambling-related harm, and material published by the Department for Digital, Culture, Media and Sport select committee. It is now embedded in every aspect of our lives: our banks, high streets, television screens and football teams. Loading commentsโ€ฆ Trouble loading? None of these four challenges will be easy to resolve. There is an argument that new legislation should be leaner and agile enough to respond to innovation and change. The disadvantage would be that it risks being piecemeal. Second is the question of scope. It is a hefty tome. Because of the risks of scope and time, there is an argument that instead of One Single Big Act, a series of smaller interventions could be drafted around specific questions โ€” not dissimilar to the approach taken in the shorter act on online gambling. The Guardian recently showed how one operator profits from a company that treats gambling addicts. Technological change is mentioned, but the report could not have foreseen the rise of smartphones and social media โ€” let alone recent developments in data analytics and algorithmic intelligence. The act reads like a Victorian novel. And, in the breakdown of that relationship, many people have been harmed. Most popular.{/INSERTKEYS}{/PARAGRAPH} It is important that a new review does not create a similar delay. Similar scandals have highlighted the industry use of VIP schemes , and the fact that some FA Cup games have been exclusively streamed via betting giants such as Bet These stories have led to outrage. Order by newest oldest recommendations. Gambling has become a canary in the coalmine of our economy. A new review must be based on a premise that incorporates the reality of machines as well as humans and the market. A new review will require someone of the stature and integrity of Alan Budd to lead it, and its success will depend on the quality of the relationship between the Department of Health, the Treasury and โ€” if the rumours in Whitehall are true โ€” whatever is about to replace DCMS. Echoing both the Labour party and campaigners, the government has just committed to a review of the Gambling Act. In other words, a new review should be more novella than novel. {PARAGRAPH}{INSERTKEYS}N ot a day goes by without another horror story about gambling. Topics Gambling Opinion. Politically, the outrage has led to a cross-party consensus that it is time for change. The advantage to this approach would be that it ensures leanness and agility. It categorises and it promulgates, it espouses key concepts in subclauses. The stories stack up. The Budd report took over a year to write and was published in The act became law in and was fully implemented in The whole process took the best part of a decade. This was the right question to ask at the time, but since the world has experienced technological change that Budd could not have foreseen. Show 25 25 50 All. It will face four big challenges. Threads collapsed expanded unthreaded. Third is the question of time. First is the question of its premise. Fourth is the question of scale. A review of the act will require a Budd report fit for the digital age. When we talk about gambling, we enter a vast world that spans questions from addiction and isolation to market failure and machine learning. Budd worked on the premise that a balance could be struck between economic freedom and social protection. It is a world that stretches the limits of the relationship between freedom and the protection of the state. Budd sought a balance between the freedom to gamble and protection from harm.