bettors and gamblers<\/a> can afford to lose.<\/p>\nCreating Confusion<\/h2>\n The UKGC has stated that affordability checks are necessary, and even though it hasn’t officially implemented them, operators are taking notice. As the regulator has continued to hit gaming companies with fines, some have felt the need to proactively introduce controls in order to avoid becoming a target.<\/p>\n
The UKGC has told operators that they need to establish “proportionate thresholds,” according to Racing Post<\/em>. However, it hasn’t offered a definition of what “proportionate” means in this context, which would be a fundamental concept of a regulator’s duties. Instead, Rhodes expects operators to determine on their own how they “satisfy this regulatory requirement.”<\/strong><\/p>\nWith no guidance from the regulator, some operators take this to mean they need to ask their users for pay stubs, bank transaction histories, and more. Otherwise, there’s virtually no way to ascertain someone’s “affordability” and avoid the UKGC’s wrath.<\/p>\n
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William Hill’s $600 betting threshold could catch some bettors by surprise. The Cheltenham Festival, one of the world’s most popular horse racing events, often sees bets of $1,000 and more. Depending on the sportsbook, the bettor might find their accounts frozen as soon as those wagers are placed.<\/p>\n<\/div>\n
As the Racing Post<\/em> aptly points out, a single night in a hotel in Cheltenham for the festival from March 14-17 can cost \u00a3400 (US$480). Therefore, a three-night stay for the festival could cost $1,500 just for accommodations, and its likely affordability checks won’t be conducted on those consumers.<\/p>\n","protected":false},"excerpt":{"rendered":"UK Gambling Commission (UKGC) boss Andrew Rhodes continues to assert that the regulator isn’t forcing affordability checks on the country’s gaming industry. But insiders are becoming less convinced. The fact that some bettors could soon see \u00a3500 (US$600) caps on spending isn’t alleviating the concerns. Rhodes said last week that the UKGC, even though it […]<\/p>\n","protected":false},"author":64,"featured_media":260669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,1074],"tags":[81919,80968,82142],"acf":[],"yoast_head":"\n
British Bettors Could Soon See \u00a3500 Affordability Checks - Casino.org<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n