Unlicensed betting companies face sponsorship ban | EUROtoday

Gambling companies not licensed within the UK might be banned from sponsoring sports activities groups – together with Premier League golf equipment – as a part of a authorities crackdown.

Ministers say they’re anxious in regards to the dangers stemming from the unlicensed market, corresponding to firms not following legal guidelines and pointers geared toward defending prospects.

These embrace obligatory monetary vulnerability checks and accountable promoting.

The authorities additionally warns a scarcity of knowledge safety measures can go away individuals open to fraud and identification theft and that unlicensed betting has been linked to organised crime.

A session into the prosposals can be launched this spring.

Last 12 months, a number of golf equipment have been warned by the Gambling Commission over their relationship with unlicensed TGP Europe.

Premier League Bournemouth, Fulham, Newcastle and Wolves, in addition to then-Championship Burnley, have been all sponsored by betting web sites run by the agency, which had surrendered its British licence after an investigation discovered it didn’t “carry out sufficient checks on business partners” and breached “anti-money laundering rules”.

A letter despatched to the golf equipment warned they “may be liable to prosecution… if they promote unlicensed gambling businesses that transact with consumers in Great Britain”.