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UK Petition To Stop Betting Financial Risk Checks Gains Traction

November 3, 2023
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A UK petition to halt the implementation of betting financial risk checks has swiftly gathered thousands of signatures.
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A UK petition to halt the implementation of betting financial risk checks has swiftly gathered thousands of signatures.

The , which calls to 鈥渁bandon鈥 affordability checks, was launched by Nevin Truesdale, the CEO of The Jockey Club, and has a deadline of May 1, 2024.

The petition quickly gathered more than 10,000 signatures, which means the government must respond to it. If it gathers 100,000 signatures it must be considered for debate in parliament.

The petition states: 鈥淲e believe such checks 鈥 which could include assessing whether people are 鈥榓t risk of harm' based on their postcode or job title 鈥 are inappropriate and discriminatory.鈥

The British Horseracing Authority (BHA) said on social media that British Racing launched the petition as it 鈥渉as been warned that these checks could have a 'catastrophic' impact on the industry鈥.

The petition claims 鈥減roposed checks could see bettors having to prove they can afford their hobby if they sustain losses as low as 拢1.37 per day.

鈥淲e accept the need to help those with problem gambling but more intrusive checks triggered at a higher threshold risks bettors moving to the black market where there are no consumer protections or safer gambling tools. We are concerned there will also be a negative impact on British horseracing鈥檚 finances due to a reduction in betting turnover and resulting fall in Levy yield."

On September 7, Gambling Commission CEO Andrew Rhodes published a outlining what he called 鈥渕isconceptions鈥 surrounding affordability checks.聽

The blog outlined two levels of checks, the first being 鈥渓ight touch financial vulnerability checks鈥 designed to be聽 鈥渦nintrusive checks, using publicly available data at moderate levels of spend鈥.聽

鈥淭he Government and the Gambling Commission are proposing for consultation that these checks be conducted at 拢125 net loss (accrued bonus funds and re-staked winnings would not be included) within a rolling 30-day period or 拢500 within a rolling 365-day period,鈥 the blog states.

The second more detailed check, a 鈥渇inancial risk assessment鈥, has been proposed for losses greater than 拢1,000 within a rolling 24 hours or 拢2,000 within 90 days (accrued bonus funds and re-staked winnings would not be included). Additionally, it has been proposed that the triggers for enhanced assessments should be lower for those aged 18 to 24 years old.

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