UKGC seeks public guidance to define deposit limits

by SBC News
3 minutes read
The UK Gambling Commission (UKGC) has launched consultations on the new deposit limits following an announcement made last month..

Part of the Gambling Review White Paper, the requirements for license holders to ensure customers are setting deposit limits on their online spending were added by the UKGC to the Licence Conditions and Codes of Practice (LCCP).

The changes – due to come into effect from 31 October – aim to give more control back to the consumers about how they manage their gambling spend when wagering with an online operator, setting and maintaining deposit limits on their own accord.

In order to facilitate that, the UKGC has instructed all online gambling providers to prepare for the deadline by developing their own procedures, which will require new customers to set a deposit limit before making the first payment into their account.

Existing customers will also have the option to limit their spend, with the new operator controls allowing for an easier review and m..

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