British Horseracing Industry Launches Gambling Petition
Britain's horseracing industry has launched a petition urging the UK Government to halt planned legislation that would subject bettors who lose as little as £1.37 a day to intrusive financial and affordability checks.
The Government published its Gambling White Paper in April 2023, outlining proposals for two tiers of checks. The first tier would involve "frictionless" background checks using "publicly available data" for those who lose as little as £125 in 30 days or £500 in a year.
The racing industry agrees wholeheartedly with the aim of bringing gambling legislation into line with the needs of the digital age and addressing the root causes of problem gambling.
However, proposed 'blanket' financial risk checks won't protect the most vulnerable, and could lead to bettors turning to unregulated websites - leaving them at risk of real harm. It could also cause significant harm to the racing industry, potentially costing it £250 million in lost revenue over the next five years.
So, Britain's horseracing industry has launched a petition urging the UK Government to halt planned legislation which would subject bettors to intrusive affordability checks.
The racing industry is asking the Government to reconsider its plans for blanket checks, so we can properly tackle gambling harm in the UK and help to secure the financial future of the sport we love.
The industry has launched a petition to ask the government to reconsider its proposal. Please sign the petition to help secure the long-term future of horseracing.