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New UK Legislation - affordability checks coming New UK Legislation - affordability checks coming

05-04-2021 , 03:16 AM
Great news
New UK Legislation - affordability checks coming Quote
05-06-2021 , 04:31 AM
Completely pointless trying to increase limits with GG

I signed up a couple of months ago, played < 200 tournies and in a small 4 figure profit. I withdrew 70% of the funds back to my paypal (prefer to keep on there) and got hit with the limits when I tried to redeposit.

I am self employed and have sent 2 different bank statements spanning 4/5 months and my tax return. Because my income isn't regular i.e. regular weekly/monthly amount going in from a fixed source, they deem I cannot afford to deposit more. My tax return shows a 6 figure turnover with a healthy profit yet this is no good for them.

Is anyone able to get more funds onto GG via an agent or p2p transfer?
New UK Legislation - affordability checks coming Quote
05-06-2021 , 05:05 AM
I would not rush to see this as a "win" and I doubt opinion altered the outcome one tiny little bit.

Proper full affordability checks (like you do for a mortgage) were never happening in this industry...and it was never even remotely close. The logistics, costs, training, regulation, compliance etc etc would have made it a total non-starter. (unless the aim is/was to kill the industry by the back door).

What you would have got would be a laissez faire, make-it-up-as-you go-along approach, with no fixed standard between providers...and that would have been a ton of hassle with very little real value or purpose.

It seems the penny has dropped; common-sense kicked in somewhere, by someone.

The elephant in the room is what will the ongoing review will bring forth.
New UK Legislation - affordability checks coming Quote
05-06-2021 , 11:18 AM
Quote:
Originally Posted by OldManDecaf
I would not rush to see this as a "win" and I doubt opinion altered the outcome one tiny little bit.

Proper full affordability checks (like you do for a mortgage) were never happening in this industry...and it was never even remotely close. The logistics, costs, training, regulation, compliance etc etc would have made it a total non-starter. (unless the aim is/was to kill the industry by the back door).

What you would have got would be a laissez faire, make-it-up-as-you go-along approach, with no fixed standard between providers...and that would have been a ton of hassle with very little real value or purpose.

It seems the penny has dropped; common-sense kicked in somewhere, by someone.

The elephant in the room is what will the ongoing review will bring forth.
I think we are not out of the woods yet there is still potential for them to ban certain games in poker possibly hyper turbo formats spin and goes etc seem to highlight some things they want to go after.

also credit checks are still on the cards so like if you owe money on a credit card got a loan for a car, have some form of overdraft or defaulted on a payment for your phone contract this could seriously potentially limit your ability to gamble. I have an overdraft but I could clear it quickly by withdrawing from isa just dont want to guess worry about that when I know more. Hopefully student loan wouldnt affect this.

staking limits is also a worry I emptied my account on coral and moved the money to another site recently when I heard coral were going to implement staking limits.

leave heads up hypers and spin and goes alone let me play as many of them as I like without restrictions and I will be fine. I dont need to deposit multiple times a single deposit if fine for me So I will just grind up what I got and go from there.

I guess I could ask whether there is a threat here and some people could reassure me for anxietys sake and some others could predict the sky falling on our heads because they dont like what GG poker are doing (just dont play there play somewhere else) they dont represent the entire online poker world.

However the truth is no one really knows until they come out with it I guess the question until then is when will we know?
New UK Legislation - affordability checks coming Quote
05-07-2021 , 09:31 AM
The biggest problem imo, is that there is no need whatsoever to reform the Gambling Act. It already allows the UKGC or DCMS to do almost anything they want in terms of regulation. When this becomes apparent, politicians might well realise that they will look stupid if they don't change anything after creating such a fuss about "Labour's gambling deregulation". That might mean they look for statutory restrictions of various kinds as in Germany, maybe even restrict licences to UK based firms.
New UK Legislation - affordability checks coming Quote
05-07-2021 , 06:47 PM
Betfair, who I bet with every day and have done at high volume for years, have just emailed saying they may be doing affordability checks soon. 'Possibly' they say. Weird timing.
New UK Legislation - affordability checks coming Quote
05-07-2021 , 09:27 PM
Had a sow check from pokerstars today
New UK Legislation - affordability checks coming Quote

      
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