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UK regulator releases results of online gambling investigation

UK sports betting UK regulator releases results of online gambling investigation The Competition and Markets Authority (CMA), a UK regulatory body responsible for competition and consumer enforcement, has announced the results of an investigation it began in 2016 looking into the online gambling industry. The unfair practices investigation resulted in the regulator issuing a lengthy guidance note regarding what online operators need to do to ensure fair play and fair practices. One main area of focus was the ability of players to withdrawal their funds and CMA pressure has led to two more companies removing obstacles put in place to keep players money in the game, even when they are not interested in continuing to gamble. Progress Play and Jumpman Gaming, two smaller UK online gambling operators, had set in place elaborate terms and conditions that would keep their players from withdrawing their funds if they hadn’t logged in to their accounts within a certain amount of time or if they were too slow in proving their identity. In its guidance note, the CMA concluded that such practices were unfair in light of Part 2 of the Consumer Rights Act 2015 (CRA) and under the Consumer Protection from Unfair Trading Practices 2008 (CPRs) law.

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