In a recent video released by the Council for betting and gambling (BGC), the regulated industry is seen as a "safer bet" for consumers.
As UK Gambling Commission (UKGC) is moving forward with its review of the gambling 2005 — as the BGC explained to UK bettors in a previous animation — the sector has been working to promote its security measures while also warning of the dangers of unregulated black market operators.
Describing the UK market as "one of the safest places in the world to place bets", the BGC outlined numerous precautions.
These rules include cooldown periods, deposit limits, age and ID verification, and a ban on the use of credit cards for gambling, regardless of the type of gambling consumers enjoy – be it high street retail betting, online sports betting. , casino or bingo.
In addition, the standards committee reaffirmed its concerns about the "unforeseen consequences" of the gambling review and the potential tightening of UK betting rules.
The BGC and the industry at large have long argued that over-regulation of the legal sector can push customers towards illegal black market operators that do not conduct security checks such as age verification or confirm whether a participant has a history of betting. addicted to gambling, or is classified as a vulnerable person.
After running the last BGC animation, Chief executive officer Michael Duger said: “As a regulated industry standards body, we warmly welcome the Gambling Review.
“However, it is vital that it does nothing to push players into an illegal online black market that lacks any of the protections that a regulated industry has.”
Leading industry operators also joined the BGC and urged regulators to rethink the possible implications of stricter rules.
In conversation with SBC News Ulrik Bengtsson , general manager William Hill , commented, “There are people in the anti-gambling lobbying regimes who seem to deny the existence of a black market.
“For me, it’s like the Earth is flat. It is quite clear that there is a black market for gambling and I think someone should be concerned about the fact that their number has doubled in about a year.”
A source - BGC YouTube channel.
BGC message: Regulated gambling "safer bet" for consumers appeared first on GamblingTV.com.