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UKGC vs UK Gambling - "New rules boosting safety and consumer choice"

J

jasonuk

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Announced by the UKGC yesterday (1st May 2024) -
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Thanks to @L&L-Jan for sharing in this thread.

In short:
  • Light touch financial checks - uses publicly available data (e.g. credit check), but interestingly not postcode or job title. Codifies the existing situation at £500pm from 30 August 2024, reducing to £150pm from 28 February 2025.
  • Pilot of "frictionless financial risk assessments" (higher limits) - no further details currently.
  • Non-slots are getting the same treatment from 17 January 2025 - no turbo, no slam stops, no autoplay, removal of "celebrations" for micro-wins (up to stake returned), no multi-table features, and 5 second minimum play time (excluding peer-to-peer poker)
  • Opt-in marketing for online gambling from 17 January 2025.
  • Updated age verification and personal license rules.
 
I do think codifying the paperwork game is important - if this finally stops operators doing nefarious source of funds checks for people who deposited £20 and won big, that'll be a positive step.

The big question mark is what happens with the higher limits pilot and where that ends up. If the limits are too high then it's a lot of overhead for nothing, if the limits are too low then it causes a further exodus of players to the high seas.

The biggest concern has to be the non-slots changes... as we've noted extensively, the slot version was botched spectacularly, swathes of games were withdrawn from the UK market rather than patched, and a mountain of games that still don't play correctly years later even though they were largely in compliance anyway.

... and don't get me started on auto-play! :axeman:
 
From the announcement, it looks like if you deposit more than £150 in a month after the pilot scheme (set at £500 per month) you'll be soft credit checked. Any bad credit history or excessive debt will possibly result in the gambler being kicked to the kerb but I can't see the consequences explicitly mentioned anywhere.
 
Reelsoffun said:
Crypto casinos must be loving all this stupidity, I now know of half a dozen gamblers that said they would NEVER move to crypto but are now nothing but crypto, it’s bordering on total prohibition for the UK now, and we all know how that ended.
Click to expand...
Oh yes and a couple of Cryptos are introducing UK horse racing soon, which is the one missing bet option they had in their Sportsbooks.

Lucky timing, coincidence or good planning?
 
slot_zombie said:
From the announcement, it looks like if you deposit more than £150 in a month after the pilot scheme (set at £500 per month) you'll be soft credit checked. Any bad credit history or excessive debt will possibly result in the gambler being kicked to the kerb but I can't see the consequences explicitly mentioned anywhere.
Click to expand...
Pretty much - they've been piloting the (soft) credit check stuff in recent months, and now they're going to formalise it - starting with a net deposit limit of £500 per month from August 2024, and reducing it to their target £150 per month from February 2025.

slot_zombie said:
Oh yes and a couple of Cryptos are introducing UK horse racing soon, which is the one missing bet option they had in their Sportsbooks.

Good timing, coincidence or good planning?
Click to expand...
I don't follow crypto too closely, but the one thing I'm surprised I haven't seen yet is a successful betting exchange - a few have tried but made the rookie mistake of technology first, liquidity second (and then learned the hard way when they can't build liquidity on their platform).

Given how many UK online bookmakers and even on-course bookmakers are tracking Betfair Exchange prices with much bigger margins, maybe that's an avenue for the crypto sportsbooks as well.
 
I agree a truly decentralised and anonymous P2P betting exchange would be an absolute banger for all concerned, not least the owners.

And all the avid UK racegoers who now suddenly can't get a bet on.
 
So, the UK Govt is polluting my land with raw sewage, raising my taxes while cutting back on my public services, sowing the seeds of mental health issues and gender ideology into my kids, sending billions to far off lands which have no concern for my own, running my free healthcare into the gutter on a mission to privatise services and make even more money, (the list goes on) - yet, they want to limit my spending?!

Gotta give it to em', they've got some front ?

I have an idea, lets give em' another term. Everyone makes mistakes, right?

p.s. I realise gender ideology and mental health issues hopefully wont cost me any money, at least for a few years, but its been the topic of the day for me and it just blurted out :)
 
Last edited:
slot_zombie said:
From the announcement, it looks like if you deposit more than £150 in a month after the pilot scheme (set at £500 per month) you'll be soft credit checked. Any bad credit history or excessive debt will possibly result in the gambler being kicked to the kerb but I can't see the consequences explicitly mentioned anywhere.
Click to expand...

Cheers.

According to my emails and credit reports(s) I have been soft checked numerous times already.

I do not have any outstanding debt, loans or credit cards, all bills are paid on time and up to date. This being said, my overall score ain't great due to things which happened years ago (10+ easily) 750+ with Experian and for some reason about a low 300 with Clear Score but no mention of debts or defaults on either for years.

With this in mind do you think I'll be ok under these new regulations, I don't deposit anywhere near 500pcm but may occasional slightly exceed the 150, especially if the wife has a win and sends me some extra dosh lol :p
 
Mr_Slot5 said:
That’d be 70% of the population shafted then as most people are up to their eyeballs in credit these days! It’s the only reason the economy is functioning!
Click to expand...

Very good point mate.

I get emails almost daily offering various credit cards and loans.

However "been there, done that" paid em all off and learnt my lesson

Yes I struggle a bit as most do from time to time but not going down that road again.
 
Bamb. I know what you mean, they really should leave the kids alone. But they will never do that. The shit that goes on behind classroom doors is frightening, some of the stories I've read and the pictures I've unfortunately seen of classrooms, well, I wouldn't send my child to a public school if I had one, no sir.
Just make sure your kids go with their gut feeling, and, show them this (below) if they ars still unsure of how to think due to the bombardment of nose peirced pink haired teachers forcing such bullshit down their throats behind closed doors ;)

1688649569363631.jpg
 
Jono777 said:
Cheers.

According to my emails and credit reports(s) I have been soft checked numerous times already.

I do not have any outstanding debt, loans or credit cards, all bills are paid on time and up to date. This being said, my overall score ain't great due to things which happened years ago (10+ easily) 750+ with Experian and for some reason about a low 300 with Clear Score but no mention of debts or defaults on either for years.

With this in mind do you think I'll be ok under these new regulations, I don't deposit anywhere near 500pcm but may occasional slightly exceed the 150, especially if the wife has a win and sends me some extra dosh lol :p
Click to expand...

Some of the reason for a low ish score is the fact you dont have any debt, if you want to improve it just use a CC a little each month but pay off in full and your score will improve.

Also credit should really only factor on the last 6/7 years apart from major things like bankruptcy so anything 10+ years ago should really not be affecting you.

Strangely my Clear Score is also my lowest of the three scores at 814 (999 Experian) so maybe Clear Score is the hardest to score top on :confused:
 
jasonuk said:
Announced by the UKGC yesterday (1st May 2024) -
You do not have permission to view link Log in or register now.


Thanks to @L&L-Jan for sharing in this thread.

In short:
  • Light touch financial checks - uses publicly available data (e.g. credit check), but interestingly not postcode or job title. Codifies the existing situation at £500pm from 30 August 2024, reducing to £150pm from 28 February 2025.
  • Pilot of "frictionless financial risk assessments" (higher limits) - no further details currently.
  • Non-slots are getting the same treatment from 17 January 2025 - no turbo, no slam stops, no autoplay, removal of "celebrations" for micro-wins (up to stake returned), no multi-table features, and 5 second minimum play time (excluding peer-to-peer poker)
  • Opt-in marketing for online gambling from 17 January 2025.
  • Updated age verification and personal license rules.
Click to expand...
And at the "unregulated" casino I play at none of that bollocks, instant payouts and 96% RTP slots.

Honestly if you want an enjoyable and BS free gambling experience, go unregulated IMO.
 
bamberfishcake said:
So, the UK Govt is polluting my land with raw sewage, raising my taxes while cutting back on my public services, sowing the seeds of mental health issues and gender ideology into my kids, sending billions to far off lands which have no concern for my own, running my free healthcare into the gutter on a mission to privatise services and make even more money, (the list goes on) - yet, they want to limit my spending?!

Gotta give it to em', they've got some front ?

I have an idea, lets give em' another term. Everyone makes mistakes, right?

p.s. I realise gender ideology and mental health issues hopefully wont cost me any money, at least for a few years, but its been the topic of the day for me and it just blurted out :)
Click to expand...
Can I nominate this for post of the year!
 
Jono777 said:
Just checked and 749/999 with Experian (which I believe is one of the major ones used by companies to check us out)

May try a CC with a very low limit and take your advice.

Cheers for the reply
Click to expand...

Yeah only do it if its something you can be strict with, don't go using it to run up what you can't afford. Set up a DD if you can to pay off in full each month is the easiest way so no fees and some give you cash back too! If you want low limits you wouldn't want my highest one its limit is 13k rofl

Which does beg the question if I have a 13k limit on just one of my CC's why does the UKGC feel they can restrict me to 500 a month and ultimately 150 month moving forward?

Surely they can't expect to treat everyone the same, its just not going to work. So someone with a 1k limit going to be treated the same as someone with 20k limit?

Like everything lately just don't make any sence!
 
dealer wins said:
And at the "unregulated" casino I play at none of that bollocks, instant payouts and 96% RTP slots.

Honestly if you want an enjoyable and BS free gambling experience, go unregulated IMO.
Click to expand...

That day may well come.

Trouble is I need BS free but not Crypto as it baffles me beyond baffledness, For now, don't think such a place exists, does it?
 
Jono777 said:
That day may well come.

Trouble is I need BS free but not Crypto as it baffles me beyond baffledness, For now, don't think such a place exists, does it?
Click to expand...
My BS free casino/sportsbook/BF exchange operates in Euros

Been using it since Pinnacle Sports withdrew from the UK, Zero issues have had decent 5 figure withdrawals even during the covid bollocks no issues. My agent is Premium Trandings.

But I accept using any sportsbook/casino especially offshore/off grid ones carry a risk/high risk, and I dont carry any balance that worst case scenario I would lose.

I would rather risk £20K with a company that gives me no BS than £1 with a SOW company.
 

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