The petition titled “Stop the implementation of betting affordability/financial risk checks” has gained significant attention since its launch on Wednesday. As of Friday at 5pm UK time, it has already received over 43,500 signatures, moving closer to the threshold of 100,000 signatures required for a parliamentary debate.
The petition highlights the belief in “the freedom of the individual to choose how to spend their money,” as expressed by Truesdale. The inclusion of financial risk checks was among the proposals put forward in the Gambling Act review white paper. The Gambling Commission recently concluded a public consultation after receiving over 2,000 responses.
However, the issue of financial risk checks has sparked controversy. In response to what he deemed as “misinformation” in the media regarding affordability checks, Commission chief Andrew Rhodes recently addressed the matter in a speech. There have been contrasting opinions on both sides of the debate, with Premier Greyhound Racing chair Lord Lipsey criticizing the potential impact on greyhound racing, while gambling charity GamCare supports stricter measures.
The current plans for financial risk checks entail operators conducting comprehensive checks on affordability for players who lose £1,000 within 24 hours. Players who lose £2,000 over a span of 90 days would face the same checks. Additionally, the plans propose “passive” checks on players who experience a monthly net loss exceeding £125, or £500 per year.
The petition argues that these checks are “inappropriate and discriminatory,” suggesting that they will drive gamblers towards the black market. It also questions the necessity for bettors to prove their ability to financially sustain their gambling activities, particularly with a daily loss limit of £1.37. While acknowledging the importance of assisting individuals with gambling problems, the petition opposes the introduction of more intrusive checks triggered at higher thresholds. Furthermore, it raises concerns about the potential negative impact on the finances of British horseracing due to a reduction in betting turnover.
