The gambling regulator is introducing new financial risk assessments for online customers it identifies as high spenders. Under the planned rule, people who wager more than £1,000 within a 24-hour period will have to undergo an assessment before continuing to bet. The regulator says the checks are designed to identify whether those customers may be experiencing financial difficulty, linking spending activity to risk monitoring. One reported pilot exercise found that the vast majority of individuals who fell above the threshold could be assessed using processes described as “easy” and “frictionless,” suggesting the system can operate without creating major barriers for most users. The new approach is framed as an additional safeguard in the online gambling market, applying specifically to higher levels of spending over a short time window. The regulator has not been described as changing the spending threshold or the general scope of the rule across the sources provided, but it is presented as a move toward more proactive monitoring of potential financial vulnerability among top spenders.
Online gamblers spending over £1,000 in 24 hours face new financial risk checks
The gambling regulator is introducing new financial risk assessments for online customers it identifies as high spenders. Under the planned rule, people who wager more than £1,000 within a 24-hour per...
- Online gamblers who spend more than £1,000 in a 24-hour window must undergo a financial risk assessment.
- The checks are introduced by the gambling regulator.
- A pilot found that about 97% of people spending above the threshold can be assessed easily with minimal friction.
- The assessments focus on identifying potential financial difficulties.
- The measures apply specifically to high-spending online customers based on recent betting activity.
The commission said a pilot found that 97 per cent of those spending above the threshold levels could be easily and frictionlessly assessed for financial difficulties
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