The Gambling Commission has confirmed new proposals to introduce financial risk assessments for high-spending online gamblers, initially targeting those who deposit £5,000 within a 24-hour period.
These checks, first outlined in a 2023 consultation linked to the government’s Gambling Act Review, will involve a “frictionless, document-free assessment” provided by Credit Reference Agencies. Crucially, the regulator stated that these assessments will not impact a customer’s credit score.
The Financial Risk Assessments (FRAs) are designed to be introduced in stages, aiming…