Tag Archives: UK Gambling Commission (UKGC)

Footstock surrenders UK gambling licence in Football Index aftermath

Football betting trading operator Footstock has surrendered its UK gaming licence and terminated its operations, just two weeks after competitor Football Index’s licence was revoked by the UK Gambling Commission (UKGC). Operating on a similar premise to Football Index, Footstock incorporated a ‘playing cards’ feature into its trading platform – reminiscent of the popular panini trading stickers game – in …

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‘Lack of empirical research’ into gambling-related harm, AAGH study finds

Research commissioned by Action Against Gambling Harm (AAGH) has found that the UK must do more to investigate levels of gambling-related harm. Conducted by the Policy Institute at King’s College London, the investigation explored four different subject areas: financial harms and affordability, betting on sport, gambling by children and gambling by women.  Among the key findings of the report, the …

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The Tote enhances player protection with TruNarrative partnership

The Tote has struck a partnership with TruNarrative to strengthen its player protection and customer onboarding capabilities, as part of a commitment to safeguarding bettors in line with UK regulations. Due to the Tote’s general objective of providing a safe environment for bettors to place wagers – the purpose for which it was established over nine decades ago – the …

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DCMS urged to take immediate action on Football Index collapse

MPs from the All-Party Parliamentary Group for Gambling Related Harm (GRH APPG) have directed further criticism at the UK Gambling Commission (UKGC) regarding the collapse of betting exchange Football Index. Writing a letter to Culture Secretary Oliver Dowden, the group of legislators described the demise of the operator and the losses its customers suffered as a ‘scandal,’ and have cited …

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Neil McArthur resigns as Gambling Commission CEO

Neil McArthur

The UK Gambling Commission (UKGC) has this afternoon sent a communication to stakeholders announcing that Neil McArthur has resigned from duties as Chief Executive of the regulator. McArthur has chosen to end his 15-year tenure with the Commission, having joined in 2006 as a legal advisor, raising up the ranks to become Chief Executive in 2018 replacing Sarah Harrison (MBE).  …

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Football Index dividends decision leads to investor exodus

Football player stock exchange, Football Index has prompted an investor exodus after making the decision to reduce dividends paid for each player transaction, leading to a significant drop in asset value (player price) and returns (player value) for its customers.   Some users have reportedly lost tens and in some cases hundreds of thousands, with one bettor allegedly losing £250,000. To …

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BGC poll reveals public opposition to bet limits

An opinion poll commissioned by the Betting and Gaming Council (BGC) has uncovered public opposition to government-mandated betting limits. The poll, conducted by YouGov, surveyed 1,683 adults from across the UK, finding that 51% were in opposition to the establishment of arbitrary bet limits by politicians, with 27% in favour. A second question also revealed that 59% of respondents agreed …

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Casumo strengthens responsible gaming capacity via beBettor partnership

Online casino operator Casumo has enhanced its responsible gaming framework via a multi-year partnership with technology and data science company beBettor. By integrating beBettor’s Affordability API into its platform, Casumo will be better equipped to gauge the initial affordability of its UK customers and construct automated decisioning for personalised interactions with players. In addition, beBettor will also provide Casumo with …

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BGC pledges to maintain safer gambling momentum

BGC pledges to maintain safer gambling momentum

Following the publication of a UK Gambling Commission (UKGC) report into gambling participation and problem gambling prevalence, the Betting and Gaming Council (BGC) has pledged to “keep up the momentum” in its quest to raise standards across the industry.  Data from the UKGC showed that problem gambling rates across the UK had dropped from 0.6% to 0.3% over 2020, however …

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Black market betting websites in Australia targeted by ACMA

The Australian Communications and Media Authority (ACMA) intends to request that Internet Service Providers (ISP) in the country remove 18 offshore black market betting websites. An official statement by the ACMA revealed that 222 illegal gambling operators have been removed from the web in Australia since its first blocking request was made in November 2012. The websites removed were Syndicate …

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