The UK Gambling Commission has confirmed that the financial risk assessment pilot tests will continue until April 2025.
Helen Rhodes, the commission’s Director of Major Policy Projects and Evaluation, has confirmed that the first phase of the current financial risk assessment is completed. The pilot commenced in September 2024 after being announced in May of the same year.
Through financial risk assessments, the UK Gambling Commission has looked into the historical data of inactive customers to analyze the information needed to deliver and implement changes.
The first stage of the financial risk assessment pilot included 530,000 assessments across three different credit agencies on roughly 300,000 accounts since the pilot was launched. The findings confirmed that 95% of accounts surveyed were deemed successful by the UK Gambling Commission’s criteria.
Of that 5% of assessments that did not meet the success criteria, it is said this is due to the credit reference agencies in question failing to identify customers (or delivering a lacking amount of information), with less than 1% of assessments failing due to either invalid or duplicitous data.
The Gambling Commission outlined that its next stages will require more cooperation from credit agencies (and their systems) to assess the financial risk feedback fully. The UK regulator additionally published a report on gambling activities and Problem Gambling Severity Index scores. By April 2025, the full findings (and corresponding government advice) should be cemented.
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