Betfair – Labour hits lowest General Election price as market hits £6 million

first_img Submit Share Share Flutter moves to refine merger benefits against 2020 trading realities August 27, 2020 Related Articles The Labour Party has hit its shortest price of 15/1 since the snap call for a UK General Election (8 June).The opposition party makes its comeback as the latest YouGov election polls have the Conservative Party ahead by a 9-point lead. Betfair Politics maintains the Tory as 1/18 market favourite (94% chance of winning) to maintain its government.Updating the media, Betfair Politics informs that 65% of bets placed over the weekend have been wagered on a Labour victory as its UK 2017 General Election market hits the £6 million in matched wagers.Betfair Spokesperson, Katie Baylis, commented on the market : “While the Tories are still heavy odds-on favourites on both of the major markets of Most Seats and Overall Majority, there’s no doubt Labour’s odds are moving in the right direction for Jeremy Corbyn.“With a lot of criticism of the Conservative’s manifesto and the polls reflecting that, it’s perhaps no surprise that Labour have had a surge in backing from punters, with 65% of bets on them over the weekend. However, we are still seeing big money for the Tories, with one punter staking £65k on them over the weekend.” Bookies Corner: Trump Presidency sinks as US 2020 enters its 100 day countdown July 29, 2020 ‘Deal maker’ Rafi Ashkenazi ends Flutter tenure  August 27, 2020 StumbleUponlast_img read more

Dutch KSA opens up consultation on player protection measures

first_img Submit Share KSA draws up wishlist on casino games market surveillance July 13, 2020 TOTO offers ‘sleeve support’ for distressed Eredivisie clubs  July 29, 2020 Related Articles Netherlands Remote Gambling Act submitted for EC review July 15, 2020 Share StumbleUpon Dutch gambling regulator Kansspelautoriteit (KSA) has set out to gather the opinions from the gambling industry and stakeholders regarding player protection measures as part of an industry-wide consultation.The Dutch Senate recently passed its Remote Gaming Act after debating the bill for two and a half years. But following the approval of the legislation, the KSA has been tasked with ensuring that operators have a duty of care to customers. The public consultation, which is due to last until 22 April, will review the proposed guidelines published by the regulator. The guidelines state that a framework must be in place which will allow consumers to make an informed choice in regards to whether they want to place a bet.The KSA has also suggested that operators provide more information regarding how games of chance work, in addition to the terms and conditions for these types of games. Operators, under the new guidelines, would be obliged to offer customers the ability to set limits. Limits would automatically be set to zero, before consumers can then decide how much they can afford to gamble and set a limit accordingly. Limits regarding deposit limits and cash holdings have also been suggested, which could be monitored through an app designed to track player behaviour and spending. Licence-holders across the Netherlands must implement policies that pertain to addiction prevention. Policies must include approaches for recreational players, at-risk players and problem players. In terms of at-risk players, licensees must monitor customer behaviours and intervene if this escalates by advising players to gamble less, set limits or temporarily excludeIt comes as a move to provide substantial information to customers regarding the associated risks of irresponsible and underage gambling. The regulator is due to host a number of consultation sessions across the country to give operators the chance to have their say on proposals.The first of the consultations are due to begin on 26 March. The news follows the regulators announcement that it would be upping its fines on illegal online operators from €150,000 up to €200,000. The fines may be subject to change depending on the number of illegal sites and games as well as the number of bonuses and prizes that are offered by operators.last_img read more