The Autumn Statement has revealed that no tax increases will be applied to UK Gambling in the 2024 Budget. Announced by Chancellor Rachel Reeves, who this afternoon presented the UK’s first Budget statement by a female chancellor and the Labour Party’s first fiscal policies in 14-years. In her address, Reeves directly chastised former Chancellor Jeremy Hunt and outgoing Conservative Party …
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OLBG GambleGate survey reveals public outrage of politicians betting on politics
A new survey finds that “three-quarters of the British public want politicians to be banned from gambling on politics.” The sentiment was relayed in a survey conducted by the Online Betting Guide (OLBG.com) and YouGov on the British public’s reaction to the GambleGate scandal, which marred this summer’s General Election. Dominating news cycles in July, British politics was rocked by …
Read More »Met Police hands Gamblegate back to UKGC
The Metropolitan Police has concluded its investigation into betting offences witnessed during the General Election campaign. In June, the UK Gambling Commission (UKGC) was alerted to suspicious bets placed on the timing of the General Election, called for 4 July by former Prime Minister Rishi Sunak. Drawing negative headlines, the incident branded “Gamblegate”— led to the Conservative Party withdrawing its …
Read More »UK Gambling needs Keir to calm DCMS at a time of resolutions
The Labour Party has overturned a deficit of 127 seats to win the UK General Election, a historic achievement instantly branded with the damp label of a “loveless landslide”. Apathy aside, yesterday’s ballots saw Labour win 412 constituencies, forming a majority government of 170 MPs, taking the biggest share to Parliament since Tony Blair’s New Labour victory in 1997. This …
Read More »Sunak gets no comfort from grim Election starting odds
Betting markets provide dire readings for the Conservative Party, as PM Rishi Sunak commits to holding the UK’s General Election on 4 July. Yesterday, frenzied activity at Downing Street saw Sunak call an emergency cabinet meeting, as senior ministers were informed of the PM’s change of strategy, moving the Party’s election plans from Autumn to Summer. The decision was branded …
Read More »Betfair swings to July as month of General Election
Betfair reports that its UK politics market has crashed as punters place bets on a General Election to take place in the summer. Punters are reported to be reacting to rumours that PM Rishi Sunak will move his campaign strategy forward triggering a summer election. The UK electorate and opposition parties remain frustrated as Sunak has yet to set a …
Read More »Betfair expects Sunak’s imminent call on General Election date
Betfair has alerted the media to its belief that PM Rishi Sunak may imminently declare the UK’s next General Election. Over the weekend, Sunak combatted rumours of a ‘Tory rebels’ plan dubbed ‘100 days to save Britain,’ which suggests he could be ousted if the Conservative Party faces significant losses in the upcoming local elections on 2 May. Currently, Sunak …
Read More »Sam Rosbottom, Betfair: politics punters expecting change on both sides of Atlantic
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 …
Read More »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 …
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