The UK Gambling Commission’s has released a new proposal and has revealed their plans to reform how gambling is regulated in the UK. The goal is to further strengthen the British in five priority areas.
Knowing that 63% of the adult population gambled at least once last year, the UKGC believes that it is necessary to minimize the inherent risk of gambling and protect players' interests.
The Five new priority areas include:
- Protection of players, with strict penalties for bookmakers who treat them unfairly.
- Players’ protection from addiction and briefing about responsible gambling.
- Raising the standards of the gambling market.
- Optimizing returns to good cause (charities, addiction funds etc.) from lotteries.
- Improving the regulatory procedures of the Commission.
Bill Moyes, the Gambling Commission Chair, said: “This is an ambitious strategy to deliver fairer and safer gambling over the next three years. We can only be successful in this by engaging with consumers and by working closely with all our regulatory partners and the industry. In the same way that this strategy challenges the industry, we also challenge ourselves, as the regulator, to deliver effective, targeted and innovative regulation. At the end of three years, we expect to see an industry that strives continuously to raise their standards, treat customers fairly, and protect vulnerable people”.