Regulator Implements Stricter Measures for Online Gamblers Losing Significant Amounts
Wednesday, 1 May 2024, 15:15
New Regulations for Online Gamblers
The Gambling Commission in Great Britain has introduced stricter measures to protect vulnerable customers.
Key Points:
- Extra Checks: Online gamblers losing £500+ per month will undergo additional verification from August.
- Threshold Reduction: The qualification threshold will be lowered to £150 of losses a month starting February 2023.
- Customer Protection: Measures aimed at enhancing player safety and minimizing gambling-related harm.
It is crucial for regulators to mitigate the risks associated with excessive online gambling, especially for vulnerable individuals.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.