As the government gets ready to publish a white paper, the government of the UK may set a $2 stake.
In its upcoming white paper, the UK government will outline the improvements it intends to make to the country's gaming industry. There is a possibility that the document, which is coming in a few weeks, will include extremely high stakes.
According to The Times, there's a likelihood that the government will set a limit for online casino wagers of £2 to £5 (US$2.43 to $6.07). Additionally, it is apparently thinking about outlawing free bets and limiting VIP memberships for gamblers who consistently lose a lot of money.
Additionally, affordability evaluations are being considered. Gaming businesses will no longer be able to use online features that put users at risk.
The white paper was originally scheduled to be released by the administration in January of last year. The date was then further advanced to May and then June. Now that the adjustments won't take effect until July, operators and other market participants are awaiting them with bated breath.
Members of the parliamentary cabinet are apparently currently analyzing the white paper. The government can then disclose it after it has made its rounds, provided there isn't any significant opposition.
OFFER AND TAKE
According to The Times, despite possible future limits on online gambling, land-based casinos will benefit. Many will be permitted to extend their capacity from a maximum of 20 to 80 gaming machines.
Online gambling is now more popular than ever in the UK, according to the UK Gambling Commission (UKGC). Nowadays, one in four Britons bets online. Because of this, it thinks that more controls are required to limit the possible harm that could result from gaming.
Despite the fact that the number of "problem gamblers" has decreased from a year ago, this is the case. It also contradicts popular opinion.
Additionally, the commission will be given new authority. Additionally, it could succeed in one of its long-running conflicts with operators' mandatory payments. Gaming companies currently only willingly back UK gambling initiatives. However, this assistance still amounts to tens of millions of pounds annually.
Insiders in the gaming business have cautioned against creating an excessively regulated gambling market. Some lawmakers, nevertheless, are still unable to set aside their personal grievances in enough to respond to the facts. The All-Party Parliamentary Group on Gambling Harms' chair, Labour MP Carolyn Harris, recently warned the Mirror that caving in would simply reveal the government's "weakness."
BANS ON SPONSORSHIP ARE STILL POSSIBLE
An amendment left out of the white paper is a prohibition on gaming businesses sponsoring sports. This issue has generated controversy. Previous speculations, though, suggested that the government would choose to work out a voluntary arrangement with Premier League clubs instead.
There may be issues in the road if that occurs or if the mandatory fees are not included in the white paper. The danger of new gaming laws without those provisions has already been alluded to by lawmakers.
Everton, a soccer team, recently agreed to a sponsorship agreement with Stake.com. This occurred while the debate about outlawing contracts like this was getting heated. Over 20,000 Everton supporters have signed a petition to persuade the team to cancel the arrangement since the organization disclosed it three weeks ago.
