More than half of compliance professionals from the international betting and gaming industry believe the implementation of financial risk checks in the UK will have a negative impact, the SBC Media Challenges in Compliance Survey, commissioned by IDnow, has found.
The study surveyed 100 senior compliance representatives from operators in Europe, North America and Latin America about existing issues and concerns over upcoming changes to market conditions. The full report will be published in late February 2024.
One topic that garnered strong and polarising views was the UK’s proposed financial risk checks – the affordability checks that the UK Gambling Commission is currently running a consultation on – and their impact on the domestic and international market.
When asked about the impact the checks would have, 67% of respondents said they would lead to a reduction in customer sign-ups at licensed operators, compared with 26% who predicted the move would have no effect.
Interesting..