..

UK Online Gambling Operators Probed for Withdrawal Roadblocks

Written by:
Guest
Published on:
Mar/02/2018

UK watchdog the Competition and Markets Authority (CMA) has launched a probe to determine if online gambling operators are making it too difficult for customers to withdraw their funds. 

An unspecified number of betting firms are being reviewed “in respect of practices that may place unfair obstacles in the way of people withdrawing their money (whether as part of a promotion or not).”.

From CalvinAyre.com:

The CMA expressed particular concern with “unreasonably low” daily, weekly or monthly limits on withdrawing funds, “potentially arbitrary short deadlines” for customers to verify their identity when withdrawing funds and potential forfeiture of said funds if customers fail to respond quickly enough, as well as dormancy terms that allow operators to confiscate funds or impose “apparently excessive charges” due to account inactivity.

The CMA says it will provide consumers with regular updates on the progress of its investigation.

The online gambling affiliate sector has come under the radar of UK authorities of late with the CMA cracking down on bonus offers last month while the UK’s Information Commissioner’s Office (ICO) this week warned of "significant issues” with affiliate marketing, flagging 221 of the 902 websites studied for “further action.”

The operation, which involved nine agencies in five countries, didn’t specifically focus on gambling affiliates, but must be acknowledged given that the ICO has previously warned gambling affiliates to lay off the spam, the CA site pointed out.

- Gilbert Horowitz, Gambling911.com

Gambling News

What is Pay Per Head?

What is Pay Per Head?

Pay per head (PPH) entails exchanging casino, sportsbook, and software for bookies for a weekly or monthly commission for each active player on your site. Many bookies hire PPH agents to manage key gambling operations. 

Sharks Evander Kane Issues Statement Regarding Allegations He Bet Hockey Games

Sharks Evander Kane Issues Statement Regarding Allegations He Bet Hockey Games

Sunday morning, San Jose Sharks player Evander Kane issued a statement denying he has ever gambled on hockey games.  This follows allegations from his wife claiming he was placing bets on games, including those featuring the Sharks, with a local bookmaker. 

NHL Begins Probe of Sharks Evander Kane Allegations: Bet on Own Games

NHL Begins Probe of Sharks Evander Kane Allegations: Bet on Own Games

Dan Lust via Twitter reports that the NHL announced a full investigation into allegations that Evander Kane of the San Jose Sharks has been betting on his own games with bookies.

2021 NBA Futures Shift, Lakers Now Favored to Win With Westbrook Trade

2021 NBA Futures Shift, Lakers Now Favored to Win With Westbrook Trade

The draft day trade between the Lakers and Wizards that sent Russell Westbrook to L.A. has shaken up the odds board.

Syndicate