Betting isn’t always about sports – politics and elections can be a popular punt for the news-savvy, and betting exchanges such as Betfair are often the ideal destination for these bettors Political betting has seen some huge moments over the past decade, particularly in 2016, 2019 and 2020. With the US Presidential election set next year and a UK general …
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GWL confirms Prochaska exit as Strategy Director
Gambling with Lives (GWL) has announced that Will Prochaska has resigned as Strategy Director of the charity and reform group representing the families of those bereaved by gambling-related suicides. As announced this weekend, “Will Prochaska is leaving to operate as an independent advisor on gambling harm initiatives, a move that reflects his continued commitment to tackling the harm caused by …
Read More »PaymentExpert: Tech giants commit to UK’s Online Fraud Charter
The UK government has deepened its commitment to protecting citizens from fraud after reaching what it calls ‘the first agreement of its kind’ with global tech companies. Eleven Big Tech conglomerates – Amazon, eBay, Facebook, Google, Instagram, LinkedIn, Match Group, Microsoft, Snapchat, TikTok and YouTube – are expected to sign a pledge to remove fraudulent content from their platforms as …
Read More »BGC: Simplified tax measure will become a Trojan horse for UK gambling
The Treasury has been warned by the Betting and Gaming Council (BGC) not to impose a simplified measure on UK gambling taxes, branded as a ‘Trojan horse’ for the industry and its diverse stakeholders. Last week’s Autumn Statement saw Chancellor Jeremy Hunt confirm that the Treasury would consult on proposals to bring remote betting into a single tax framework, replacing …
Read More »PaymentExpert: UK playing catch-up on key Open Banking disciplines
The UK government has been warned of technical shortfalls and entry barriers in its path to unlocking an open banking system to reducing SME costs and to change retail banking processes benefitting the consumer. PaymentExpert drills down on the ‘Future of Payments’ report by Joe Garner, former Chief Executive of Nationwide, on how the UK can overcome existing challenges and deliver banking transparency …
Read More »DCMS highlights business impact of a standalone gambling sector
DCMS has submitted its business estimates to the National Office of Statistics (ONS), tracking the performance of sectors under its regulatory remit for the period of March 2019 to March 2022. The report provides estimates on the business contribution (number, turnover, and employment) of sectors governed by DCMS, excluding civil society (charities and voluntary associations). At present, DCMS’ regulatory remit …
Read More »Betfair: Sunak faces losing record number of seats at next General Election
Betfair projects a bleak outlook for the Conservative Party and its plans to remain in government as the UK’s next General Election looms. At this week’s Party Conference in Manchester, Betfair announced: “Punters on the Exchange are backing the Conservatives to lose more than 201 seats (5/2 – 29% chance) at the next general election.” The favoured outcome among Betfair …
Read More »Betfair: Boris toxic exit hurts Sunak’s General Election plans
In the wake of former PM Boris Johnson announcing his ministerial resignation, Betfair Politics sees odds shorten further on the Labour Party to secure a majority in the forthcoming general election. A repricing of all UK political markets comes in the aftermath of Johnson’s resignation as an MP, which has been subsequently followed by a chaotic fallout amid Conservative Party …
Read More »Winning Post: UK Gambling lacking support in Parliament
Regulus Partners comments on the loss of gambling’s voice in Parliament following the All Party Parliamentary Betting and Gaming Group’s decision to close its ranks. UK gambling requires a new approach to engage with MPs on pending matters. The paper tiger of gambling’s ‘powerful industry lobby’ emitted a plaintive meow this week, as the All Party Parliamentary Betting and Gaming …
Read More »Media eyes on Sunak to call on White Paper’s April conclusion
Speculation mounts across the UK media’s grapevine that April will be the definitive month in which the government publishes the long-overdue White Paper on gambling reforms. Writing in The Sunday Times, long-standing gambling critic Dominic Lawson – son of Nigel Lawson, former Chancellor of the Thatcher government – cited: “I’m told the white paper will at last be published on …
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