The Gambling Act 2005 is indeed the first significant regulation in the UK gambling scene since 1961. This act is responsible for regulating any form of betting, except spread betting. The law also created the UK Gambling Commission to oversee the betting landscape.
But since 2005, the industry has changed a lot, especially after the rise of online casinos. As a result, the UKGC has had to develop stricter rules to create a safer and more responsible gambling scene.
Surprisingly, there may not be any changes to the Gambling Act 2005 any time soon (at least until 2022. According to the Director of Department for Digital, Culture, Media, and Sports, Ben Dean, all viewpoints on the Gambling Act 2005 changes are welcome before the alterations become permanent.
Speaking during the "Westminster Policy forum event," Dean said the ongoing gambling law review needs to represent the bigger industry picture.
He stated that the review's main objective is to take a broad look at the overall regulatory system. This will enable them to get the right balance between respecting consumers' freedom of choice and preventing individual harm.
However, Ben Dean remained tight-lipped on particular measures, stating that several high-level roundtable meetings are ongoing behind closed doors. The sessions involve the UKGC, industry representatives, and individuals with first-hand experience of betting harm.
The roundtable sessions are expected to conclude before 2021 ends, and data collected will be used to release a white paper. Dean suggested that any recommendations are unlikely to be enforced before 2022.
The review of the Gambling Act 2005 is already a potato-hot topic between the APPG (All Party Parliamentary Group) consisting of the UKGC, on the one hand, and the BGC (Betting and Gaming Council), on the other. The BGC is the betting industry representative body. After introducing unpopular laws like the credit card ban, imposing strict betting stake limits, and so on, there has been industry unrest.
Of course, no one can be certain of the new changes and rules that will be part of the new act. That said, there are already a few pointers due to the UKGC and other industry groups' recent behavior.
Although the UK Gambling Act amendments may seem "mean," they are all aimed at making the industry safer for both parties involved. Dean said that the aim is to create flexible and future-proof regulations. Now that's not any further from the truth!