The Gambling Commission announced new regulations that should come into effect later this year. The main goal of their latest measures is to ensure a continuous safe and fair gambling environment, while also being transparent and more protective of customers.
This comes as a result of the increasing number of minors getting illegally involved in sports betting.
According to the latest gambling statistics, 24 million people in the UK gamble, and almost half of them or 10.5 million to be precise, do it online.
As of April 14th, UK citizens will no longer be able to use their credit cards for casino payments. Consequently, PayPal also informed its customers how this popular service will not be available as a payment method for users with credit cards in their e-wallet. This decision was announced after surveys showed how 22% of online players who use their credit cards as a depositing method are classed as problem gamblers.
In accordance to the new rule which will come into force on May 7th, all players must be verified via an ID before they can play free bets, claim a bonus or deposit money to their account. The minimum verification requirements include the player’s full name, address, and date of birth. This should all be submitted within 72 hours of creating an account with a gambling platform.