Things are getting worse for the United Kingdom gambling market. The UK government is on a hunt against the gambling problem and as it seems, they have in mind lots of different methods to battle the ever-expanding problem. The Culture Secretary, Mr. Jeremy Wright is trying to arrange a meeting between retail banks and bookmakers representatives, in order to discuss whether it is right or not for people to bet with money that technically is not theirs.
Additionally, the government is on its way to revise the terms of self-exclusion from betting and it is a fact that some of the greatest banks in the UK, like Barclays, and Royal Bank of Scotland have allowed the customers to block money spending on gambling. We should also remind that the government has already reduced the maximum stake on the fixed-odds betting terminals from £100 to £2, a measure that is about to begin in April.
Mr. Wright told; "Self-exclusion schemes are essential but must be properly policed and effective to support the individual that has taken the decision to opt-out. Protecting people from the risks of gambling-related harm is vital and all businesses with connections to gambling – be that bookmakers, social media platforms or banks – must be socially responsible. The government will not hesitate to act if businesses don’t continue to make progress in this area and do all they can to ensure vulnerable people are protected".