When it comes to gambling, the majority of users prefer to be left alone, minding their own business. Betting on what they want to bet on. Spending as much as they want to spend. Using casino games they want to use. But these cases could lead to harmful gambling. And this is a serious topic that the UK’s Gambling Commission keeps on addressing. Right now, they are planning to set betting limits in the UK – and this is something that most gamblers are not thrilled to hear.
The Gambling Commission is an executive non-departmental public body of the UK Government. It is a government department that licenses and regulates all the businesses and people who provide gambling in the United Kingdom, including the National Lottery. They also deal with practical sides of the field, like gambling controlling, so the spending limitations also fall under their duty. And they take the issue seriously! All the gamblers and online gambling sites in the UK might soon realize it, how seriously. Let us see, what can go down in the business if the new plans become real.
Here comes the BGC
The Gambling Commission has been conducting an affordability consultation lately. Amid this, they also hinted at a 100 fonts limit on the amount bettors can lose in one month. Well, some started to suspect that wagers will not receive the new regulation very well. So, this is where the Betting and Gaming Council stepped in. The BGC is described as follows: “As the single industry body, we work with our members, large and small, to raise standards, create a culture of safer gambling and build public and institutional trust in our world-class industry. Established in 2019, we represent over 90% of retail betting shops, online betting and gaming operators, casinos, and bingo operators. We put the customer first to drive standards over and above regulatory requirements to ensure a safer, fairer betting and gaming experience for all.“
For and against betting limits in the UK
So, we can say that the BGC did what it had to do here. They started a survey, called YouGov which pointed out that the majority of the asked gamblers are explicitly against the betting limits set by politicians. According to SBC News they found that 51% – meaning 1,683 people – of voters opposed these limits, while only 27% was in favor. They also found out that 59% of them agree that this kind of limit setting will turn customers in the direction of the black market. Of course, the illegal, unlicensed operators are not putting any safety nets around. While legal, safe online casino sites in the UK, such as Casilando Casino might have fewer players. It does not sound too fair, does it?
What is the future for betting limits in the UK?
The chief executive of BGC, Michael Dugher got the point of the whole situation perfectly. “My view is that limits are good, which is why people betting are now strongly encouraged to set their own limits on how much they spend. Affordability checks are also a good thing,” – he said. “But technology enables betting companies to see where customers are starting to display what we call ‘markers of harm’. In this way, potential problem gamblers and others who may be more at risk could be subject to enhanced affordability checks.”
And we can agree with him! This is an accomplishable goal that is good for everyone in the business. Reliable online gambling sites in the UK, like Casilando Casino, will go on with their operations. The black market will not be able to benefit from the situation. Also: it could cut back harmful gambling. A classic win-win situation!