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UK Gambling Commission Issues Warning Over “Novelty Betting”

This week the United Kingdom Gambling Commission has issued a directive to gaming operators, warning them about offering novelty bets on pre-recorded television programs.

The warning says that operators need to assess the risks of offering such bets, as the question of the integrity of such bets could be called into question.

"In a world of social media and rapid communication, the outcome of these markets is likely to be known to an ever-expanding group of consumers before the result is formally announced," said UKGC Program Director for Enforcement and Intelligence Richard Watson. We therefore require operators of these markets to demonstrate a robust management of the associated risks in order to ensure they uphold the licensing objectives."

Those found not meeting the standards set forth by the Gambling Commission can expect to have a review held on their gaming license, with potential sanctions following.

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bgsharpe
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3 July 2016 - 6:35pm
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I think UK Gambling Commission is right to warn these companies because this way of betting is potentially very risky for the punters and I personally would not place such bet ever not only because I don't watch such programs but because the results could be manipulated one way or another.

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