Limits on maximum online bets could be imposed by new UK regulations.
According to reports by the BBC newspaper and the Times newspaper, the UK could introduce new restrictions on online gambling. These include the removal of logos of betting companies from Premier League football club shirts.
According to the BBC, the government is currently reviewing gambling laws and will publish a policy document with future proposals within weeks. The logos could be banned by 2023 or 2024, according to the BBC, citing a spokesperson for UK’s Department for Digital, Culture, Media and Sport.
This review could also result in proposed limits on certain forms of online gambling. According to the Times, online gamblers could be subject to a £2 cap. If the players are able to show that they have the financial means to lose more, this amount could be increased.
A spokesperson for DCMS said Saturday that they were undertaking the largest review of gambling laws in fifteen years in order to make sure they are ready for the digital age.
According to Public Health England, Britain is the largest gambling market in the world, with a profit of £14.2 Billion ($17.7 Billion) in 2020.
According to the Times, ministers are expected to reach an agreement with Premier League clubs within the next two weeks regarding the removal of logos from shirts. The newspaper reported that if no agreement is reached the government will ban this practice.
Nearly half of the 20 league clubs, including West Ham and Leeds, are sponsored or managed by gambling companies
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