UKGC Reveals New Guidance on Gambling Blocking Options
The United Kingdom Gambling Commission (UKGC) has launched a new awareness campaign, seeking to raise peoples’ awareness of gambling blocking options. Through this, the regulatory body stated that it remains fully committed to ensuring that people are able to stay well protected from gambling-related harm.
The new campaign is targeted at the general public, and it provides relevant information on the betting blocking tools that people can use if they wish to self-exclude. Entitled the “Money and Rights” campaign, gamblers in the United Kingdom have the opportunity to understand more about their own consumer rights. This means that they should have, and do have, the option of blocking gambling operators should they have trouble controlling their spending habits when it comes to gambling.
So that UK gamblers can find local help, a selection of self-exclusion services has been listed by the Commission. These include financial institutions such as HSBC (NYSE: HSBC), Lloyds (LON: LLOY), Barclays, Santander and Halifax, amongst others.
Other brands have already introduced even more intense gambling blocking options for their users. Monzo, for example, paired up with TrueLayer to protect consumers against gambling-related harm. And while most UK banks now offer similar services, there are still some that do not provide the possibility for their customers to block gambling site spending. These consumers are, therefore, left at risk.
It was in July of 2020 that gambling charity GambleAware spoke heavily of the matter. According to research done by the organization, around 28 million UK residents had no possibility of accessing a gambling blocking feature. Therefore, it is thought that the new guidance from the Commission is aimed at addressing this problem.
Of course, with the review of the Gambling Act 2005 still taking place, it is clear that some important steps are being taken by the Commission to sort the industry out. Time will tell how successful the Money and Rights campaign will be.