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UK Gambling Commission consultation on Customer funds
Tuesday August 25,2015 : BRITISH GAMBLING COMMISSION CLOSES SUPPLEMENTARY CONSULTATION ON CUSTOMER FUND REPORTING
Reporting system set for implementation early 2016.
The UK Gambling Commission has closed its supplementary consultation on the timing and format of customer funds reporting by remote operators
Having established the principle of customer funds reporting in a previous consultation, the Commission said the assessment of responses from this supplementary consultation, has paved the way for implementation of the new requirement in early 2016.
Responses on the supplementary consultation were received from big industry hitters such as 32Red Plc, Bet365, Betfair, Betfred, Gala Coral Group, Gamesys and the Remote Gambling Association. Additional responses were recorded from anonymous submissions.
Customer fund reporting will be implemented with a view towards minimising the risk customers face should a company collapse. While the system may not prevent the loss of or guarantee funds, the Commission will be in a position to assess the company’s compliance in ring fencing customer funds.
In the run up to the launch of the system, the Commission has agreed to conduct a short period of industry testing of the customer funds report.
The full report including responses to the consultation, detailed implementation information and a summary of requirements can be accessed here:
In related news, the Commission has launched a consultation on changes to the Testing strategy for compliance with remote gambling and software technical standards in order to update and, where possible, streamline the testing and certification process.
Full details can be accessed at: http://licensingadvertisingact.blogspot.co.uk/2015/08/59-testing-strategy-consultationupdate.html?utm_source=EB%20240815&utm_medium=email&utm_campaign=EB%20240815%20testing%20strategy
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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