The government is considering new policies and strategies to reduce gambling harms, including a review of new research on gambling advertising. Stephanie Peacock, the Secretary of State for Culture, Media, and Sport (DCMS) responded to questions on the DCMS’s assessment of “the potential impact of gambling companies advertising through sports clubs on problem gambling.” On sponsorships, Peacock stated that all …
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The UK government has published its response to the Culture, Media and Sport Committee of the House of Commons observing sessions and consultations related to the Gambling Review. Chaired by Dame Caroline Dinenage (MP), in December, the Committee published its ‘second report of sessions 2023-to-2024’ related to implementing changes and proposals outlined by the Gambling Review’s White Paper. The remit …
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The House of Commons Treasury Committee has recommended “treating retail investment in cryptocurrencies like gambling”, due to the high volatility of value changes of cryptoassets and potential for consumers to lose their entire investment. The recommendation forms part of the Committee’s report evaluating the “potential benefits of cryptoassets and their underlying technology value, and the risk of investment in cryptoassets”. …
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MPs in the House of Commons held a two-hour debate yesterday, discussing a range of issues related to the future oversight of the UK gambling sector, with imminent reforms soon to be announced. The debate was led by long-term gambling-reformist Carolyn Harris, Labour MP for Swansea East. Proceedings were opened with Harris acknowledging the wide range of response, evidence and …
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UK Finance, the representative trade association for consumer banking and financial transactions, has confirmed that it will not be launching its ‘Confirmation Payee System’ in 2019. This week, Stephen Jones confirmed the delay of the Payee System to the Commons’ Treasury Committee, detailing those banking stakeholders could not ensure the capabilities of their IT frameworks to implement necessary changes. “This is a …
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Conservative ‘Rebel MPs’ have handed Theresa May a significant defeat in Commons, securing a legal amendment guaranteeing a vote on the final Brexit deal struck with the EU. A beleaguered PM Theresa May, lost the crucial Commons ‘EU Withdrawal Bill’ by just four votes (309 to 305 vote). However, Paddy Power Politics believes that the vote’s consequences may become significant for Theresa …
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