Tuesday, September 11, 2018

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UK regulator releases results of online gambling investigation

UK sports betting While they were earning or using their bonus gamblers on these sites were prevented from cashing out or required to forfeit the proceeds they had earned off the bonus is they wanted their money. Such practices were deemed unfair trading practices by the CMA. As a result, all of the firms have now adopted policies that reflect the flowing conditions : “Promotional Play Restrictions and Wagering Requirements (if applicable) do not apply to any play by a consumer with their Deposit Balance except where ingame mechanisms automatically prevent a consumer from placing a wager that contravenes the Promotional Play Restrictions.” In a nutshell, this is designed to ensure that a player may cash out even while the bonus is in play and that their request to withdrawal funds from their own account will not void the bonus as operators are not prohibited from offering such terms and conditions. The CMA pointed out that this method of sanctioning players who wish to withdrawal their own funds creates unacceptable and unfair pressure on players to continue to keep gambling even when they have decided they are no longer interested in doing so. Over the last few years this practice, of penalizing players for making withdrawals while using a bonus code, has become wide-spread across the industry and affected everything from Casino gambling terms and conditions to sports betting sites and online poker. Companies who fail to comply with the new guidance and eliminate such restrictions could face fines or disciplinary action by the UK Gambling Commission.

For the original version including any supplementary images or video, visit https://www.usaonlinecasino.com/casino-news/uk-regulator-releases-results-of-online-gambling-investigation/

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