A report by the Gambling Related Harm All Party Parliamentary Group is calling for a huge shake up of the way £11bn industry is regulated. The cross-party group, which is headed up by Labour MP Carolyn Harris, has previously campaigned successfully for a ban on credit card bets and axing of fixed-odds betting terminals (FOBTs). According to the Guardian, they are looking at a complete overhaul of the 2005 Gambling Act which legalised betting advertising. But the Gambling Commission said the regulator was “committed to drastically reducing gambling harm and it is untrue to say that we are not fit for purpose”. The publication of the group’s interim report last year wiped hundreds of millions of pounds off gambling company shares.

Source: Daily Mirror June 15, 2020 19:15 UTC