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For the first time, the UK Gambling Commission is launching an in-depth investigation into Britain's underground gambling scene. The study aims to boost the UK's regulatory framework by capturing a clearer picture of illicit betting operations and protecting consumers from potential risks. Expected to conclude in spring 2025, the findings promise to arm the Commission with the tools to combat unauthorized gambling outfits and reinforce the gambling sector's credibility in the UK.
The purpose of the UKGC's initiatives is to dissect the reasons behind gamblers' preference for unlicensed platforms. By delving into user engagement patterns, the Commission seeks to craft more effective strategies to pinpoint and dismantle these illegal websites. The research employs a mixed methodology of analyzing web traffic and gambling behavior, a technique proven effective by fellow European regulators.
An interesting segment of the research is dedicated to evaluating the gross gambling revenue harbored by the black market. This assessment grants a glimpse into the profits amassed by illegal entities. Insights gleaned from previous studies in nations like the Netherlands and Sweden highlight a growing concern as consumer expenditure sways toward unregulated avenues.
Research backed by the Betting and Gaming Council suggests that clandestine gambling operations in the UK could be commanding a yearly wager volume soaring up to £2.7 billion.
In the pursuit of gauging the GGY, the Commission is fusing web traffic estimates with player expenditure data. A deep dive from July 2018 to June 2019 into more than 139,000 online gambling profiles across key UK operators reveals that average slot game GGY clocks in at £0.32 per minute. The significance of this data is underscored due to the substantial involvement of slots in underground gambling rings.
Yet, officials acknowledge the estimations may fall short due to the exclusion of high rollers engaged in other gambling pursuits, like sports betting.
In realms where the UK Gambling Commission's license doesn’t shine, players often navigate the betting waters using cryptocurrency, ensuring a cloak of anonymity over transactions while bypassing stringent KYC protocols. Bitcoin casinos This financial veil poses concerns for the UKGC as crypto transactions often dodge conventional checks and verifications.
By leveraging tools like Google Trends and keyword generators from Similarweb, the Commission is tracking search demand related to illicit gambling interests. This scrutiny helps spotlight popular queries linked to rogue betting sites, analyzing top-tier search results to ferret out unlicensed entities. non gamstop betting sites Licensed gambling services are being called upon by the Commission to pitch in with the research. The contribution of legitimate UK Gambling Commission-licensed betting outfits is pivotal in curbing the spread of illicit gambling domains.
The watchdogs have a keen eye on streaming platforms such as Twitch and Kick for their potential in funneling traffic to unauthorized gambling backdrops. Streamers on these channels, often bankrolled by rogue casinos, broadcast captivating high-stakes gambling imagery that tempts audiences away from sanctioned counterparts.
Early outcomes of this investigative effort are scheduled for public release by late spring 2025.
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