There was nothing on tv so I started to read this 'interim' report and have got halfway through, up to the case studies section.
Aside from the £2 limit there are some other interesting points/observations to takeaway:-
We support the proposals for a Gambling Ombudsman to deal with customer complaints and to provide an effective arbitration mechanism for claims against online gambling companies ....[so is this to replace the adr's, have they been failing to get the job done adequately?]
Given the breadth of data at their disposal, banks could also better assist operators in carrying out affordability checks through open banking. [sounds like a good idea]
A third-party software platform that creates a profile for a user which is used to sign on to every gambling site. The SSO platform would verify the user’s identity and enable the user to set mandatory deposit limits that would apply across all operators. These limits could be informed by affordability checks using services such as Experian. [ditto]
There should be increased protection against accessing unregulated gambling sites by enacting internet service provider and financial transaction blocking to unlicensed operators.
The amount of money taken from gamblers online increased from £1.2bn in 2007 to £5.6bn in 2018, with almost all of that increase coming from gambling through smart phone apps [ something to think about..if this functionality wasn't available how much harm could be removed in one go?]
Betting before and during sports matches is now common among younger gamblers with revenue from sports betting now outstripping that from online poker or slot games.
Money laundering regulations require checks if an individual gambles more than £1500 a day in online and offline casinos.
In the land-based sector, this is enabled by staff monitoring, table limits, and random checks by the Gambling Commission. In the remote sector, checks tend to be retrospective rather than preventative, and on the occasions they do take place, it can be when a gambler is attempting to withdraw money after a win.
Furthermore, the ease of deposit and the electronic nature of money spent, as well as the slowness of withdrawals, the ability to reverse withdrawal and targeting of gamblers with offers when they win to encourage further play, all have the potential of creating a harmful gambling environment.
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I can't see anything about streamers promoting slots in an unrealistic fashion, as a kind of lifestyle/occupation bashing away everyday and broadcasting it to the nation via twitch or youtube, rather than just an entertainment treat ala dunover and chopley etc..
I think this should be on their radar, slot videos should be funded realistically by the player, otherwise they're effectively a casino employee /contractor promoting irresponsible gambling, by the stake sizes and time spent, which obviously would not be permissible.
There are a lot of suggestions of proactive measures, high levels of kyc and harm prevention, which in a fast moving online/remote environment, I'm not sure is feasible/achievable without making gambling such a PITA no one will want to bother eventually. As a customer you want a seamless experience as much as possible, so the more all these checks/protective measures can be automated and done in the background the better in my book.