The industry has hit back today at the Gambling Commission’s plans to introduce Financial Risk Assessments (FRAs) for a select group of “higher-spending” online gamblers, via a phased rollout.
Responding to the Commission’s update, industry stakeholders, including legal experts and politicians, emphasized data inconsistencies in the FRA process, which remain unsolved.
On Tuesday, the regulator revealed its plans for FRAs to be triggered for those surpassing a £5,000 [$6700] net deposit in a rolling 24-hour period. The checks will be carried out by credit reference agencies (CRAs) – the Commission stated they are designed to be “frictionless” and document-free, and affirming that the assessments will not impact customers’ credit scores.
