UKGC to introduce light touch financial risk checks from August

The UKGC is set to implement widespread changes across the industry with ‘light touch’ affordability checks being triggered after a spend of £150 a month.

With the intention of ‘boosting safety and choice for consumers’, the new measures are following a myriad of white paper consultations and will be implemented in four stages: August 2024, November 2024, January 2025 and February 2025.

In a bid to smooth the transition process as much as possible, these checks will initially come into force at £500 a month from 30 August 2024, before reducing to £150 a month from 28 February 2025.

Off the back of consultation feedback, the Commission will carry out a pilot to test the details of frictionless assessments in practice, working with credit reference agencies and gambling businesses to examine the potential consumer impact.

The initial pilot period for these new measures will involve the biggest operators, in order to enable the UKGC to gain the deepest possible understanding over th..

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