Gambling Act Review Policy Document Imminent
Official sources have verified that the policy document is on the verge of being unveiled.
Sources have informed the legislative body that the highly anticipated policy document regarding the review of the Gambling Act is poised for release after a prolonged period of delays.
The unveiling of the document is believed to be the rationale behind the postponement of the oral evidence session for the DCMS Gambling Regulation Select Committee, which was initially slated for today (April 25). Sources have indicated that the gathering “might” be rescheduled for the middle of May.
The review of the Gambling Act policy document is a governmental strategy document that will outline the trajectory for upcoming legislative amendments to gambling regulations in the United Kingdom and formulate specific policy suggestions.
The policy document is anticipated to encompass certain proposed modifications to the nation’s gambling laws, including potential financial risk assessments for susceptible participants, the establishment of a statutory levy to fund RET initiatives, the creation of a gambling regulator to resolve disputes, and restrictions on the sum that users can wager.
The release of the document will mark the culmination of a process that has been in progress for an extended period, commencing in December 2020 when the then-Gambling Minister Nigel Huddleston declared the initiation of the Gambling Act review, fulfilling a Conservative Party manifesto pledge to make UK law “suitable for the digital era.”
The proposed regulations for the gaming industry were initially scheduled for release at the end of 2021, following their examination in March. However, the rollout was repeatedly postponed. The publication date was moved to the summer of 2022 when the government official responsible for gaming changed hands.
Further postponements followed the political upheaval in the Prime Minister’s office. Boris Johnson stepped down, followed by the resignation of Liz Truss, leading to additional delays in the release of the regulations.
The most recent whispers of postponement are attributed to the appointment of a new gaming minister. Paul Scully is set to take over from Stuart Andrew, who currently holds the position.
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