An investigation by the Competition and Markets Authority (CMA) has resulted in changes to the way in which online betting sites can structure their bonus offers. All operators have been told that they must take immediate action to remove unfair terms and conditions from their promotional offers.
But what implications could this have for players? Is this a needless increase in red tape, or could it genuinely lead to more equitable promotions? We've decided to delve deeper into the matter.
What constitutes 'unfair terms' and what impact might they have on you?
We're hopeful that these adjustments will benefit players positively. The three principal modifications recommended by the commission are as follows:
- Players will no longer need to play through their deposits multiple times to be able to withdraw their funds.
- Gambling companies are obligated to provide clear information about gameplay restrictions and cannot use ambiguous terms to retain players' funds.
- Gambling operators should not require players to engage in promotional activities.
These regulations predominantly target casino promotions. Nonetheless, some free sports betting promotions might also be impacted, such as betting offers for the World Cup .
Notably, bookmakers offering deposit bonuses with turnover conditions. With the new guidelines, players can withdraw their own funds without wagering limitations, though restrictions may apply to bonus amounts.
So, if you hesitated to claim an offer due to the wagering requirements, it might be worth revisiting. Checking the updated terms and conditions now should yield more favorable results. At worst, you can still reclaim your funds.
Meanwhile, we promise to keep you posted as this legislative change unfolds.