UKGC initiates plan to decrease gambling risks

The United Kingdom Gambling Commission expects that a newly inserted three-year programme will be the beginning of a better and more regulated market, where bettors will enjoy a safer gambling experience.

The goal is to create fairer conditions for gambling, and throughout analysis and examination, the Commission has spotted 5 key points to reach its target.

What is the Endgame for UK Regulators?

The first goal was focused on the child and endangered people’s protection as the UKGC discovered that the rates of compulsive gambling in this sector haven’t been diminished. Thus, the quality of the license holders and the product principles will have to be re-evaluated and improved.

Secondly, the Commission wishes to generate a more trustworthy market and create a frame from which the players will receive better information in order to feel safer and secure. Recent statistics have shown that the rate of people who believe gambling is fair, has decreased from 49% in 2008 to 29% last year. UKGC will guarantee that the new products will have a certain level of safety and advise the players effectively.

Furthermore, a very important target is to stop money laundering and create a safety valve to ensure that there will be no event manipulation in order to gain the punters’ trust.

The fourth target is to support the National Lottery, that will be launched in 2023, to make sure that there will be an untroubled adaptation.

Last but not least, the Commission needs to upgrade the gambling regulation concerning the Gambling Act meaning that there are plans for better assisting the British government to examine better and assess its duties. At this stage the Department of Digital, Culture, Media and Sport (DCMS) is evaluating the UK Gambling Act and UKGC knows that the decisions may be taken by the end of this strategy; so they are aware that several changes will normally take place.