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UK Gambling Commission proceeds with financial risk assessments, BGC objects

Regulation

The Gambling Commission confirmed it will introduce Financial Risk Assessments for customers with high spending, according to the report. The Betting and Gaming Council said it was disappointed with the decision and argued that concerns about data reliability and consumer effects remain unresolved. The regulator delayed implementation and raised thresholds, the BGC said.

UK operators may need to adapt checks for high-spending customers as the regulator proceeds despite BGC objections.

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Regulation

UKGC stages financial risk assessments with £5,000 threshold

The UK Gambling Commission said it would begin financial risk assessments in stages, starting with customers over 25 at the largest operators in the UK. Stage one checks will be triggered by net deposits above £5,000 in a rolling 24-hour period, and the regulator said it would not take immediate enforcement action when operators fail to act on results.

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