Legislation

UK operators advised to ensure that their suppliers are not involved in the black market

Thursday 19 de December 2024 / 12:00

⏱ 1 min read

(United Kingdom).-In a speech addressing gambling industry CEOs in November, Gambling Commission CEO Andrew Rhodes advised licensed operators to carry out due diligence against their third-party suppliers to ensure they aren’t supporting illegal or black market activity.

UK operators advised to ensure that their suppliers are not involved in the black market

While supplier due diligence is a particularly challenging task for operators, stakeholders insist it is the regulator’s role to enforce B2B compliance.

In a speech addressing gambling industry CEOs in November, Gambling Commission CEO Andrew Rhodes advised licensed operators to carry out due diligence against their third-party suppliers to ensure they aren’t supporting illegal or black market activity.

"The Commission’s strategy on combatting illegal gambling is to cause as much up-stream disruption as we can, which is why we have focused on ISPs (internet service providers), payment providers, search engines, software suppliers and more,” Rhodes said at the time.

Rhodes first addressed the issue in 2023, when he asked operators to use their commercial influence with suppliers to ensure they weren’t supporting illegal activity in the UK.

The measure is part of a wider regulatory effort to stamp out the growing black market activity in the UK and further afield.

In September, the Betting and Gaming Council (BGC) released a first-of-its kind report claiming up to £2.7 billion (€3.3 billion/$3.4 billion) is staked online with black market operators each year in the UK.

Categoría:Legislation

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País: United Kingdom

Región: EMEA