Flutter sets monthly net deposit limit for under-25s to £500 in UK and Ireland

Flutter sets monthly net deposit limit for under-25s to £500 in UK and Ireland

Article brief provided by SBC News
  • Ted Orme-Claye, SBC News
September 6, 2021 9:37 PM
  • Ted Orme-Claye, SBC News

Flutter Entertainment has announced the reduction of its net deposit limit for all customers under 25 years old – setting the figure at £500 per month.

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The group’s new policy will be implemented across its UK and Irish Paddy Power, Betfair and Sky Betting & Gaming brands, as part of a general move to ‘further enhance protections for younger customers and encourage sensible spending across its platforms.’

In order to deposit more, customers in the under-25 age bracket will have to prove that their income could sustain a higher level of spending, requiring a ‘detailed process’ to establish an alternative limit.

The move forms part of Flutter’s risk-based Affordability Triple Step framework, which leverages real-time data to monitor player activity and behaviours to inform the group’s safe gambling practices.