There are restrictions proposed on online gaming as well. Seems to me that might affect poker.
That reads to me like it will be guidance on when source of funds checks must be carried out. IE crap deposit limits until you do it and prove you can afford it.
At the moment I have read some source of funds checks are being sent on withdrawal requests, which is completely wrong if they are supposed to be checking the person can afford what they are depositing and are not using dodgy money.
They discuss the issue of player ID elsewhere (and also delaying withdrawals in another section)
4.15.
The Commission requires licensees to have policies and procedures
designed to prevent underage gambling. Under existing requirements,
operators have a period of 72 hours to carry out age verification. The
Commission intends to bring forward proposals to remove the current
72 hour window for age verification checks - meaning that age
verification must be completed before a customer is able to deposit
funds and gamble.
The general tone of the proposals seems to be around risky activity - I'm not sure what they will make of a winning poker player who spends 60 hours a week online. You might remember some threads about poker players getting their accounts shut down at banks just because of their risk profile.
I just looked at my betfair exchange turnover for the last three months - losses of £27129, wins of £29487.* My income is a pension of £1000 a month.... Plenty of poker players will have huge losing runs and no income because they are staked. I hate to think what arbhoy's exchange turnover is.
Hopefully it won't be an issue as peer to peer is small in comparison to other gambling, but if the companies are being forced to get rid of whales they might want to get rid of sharks as well.
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