James Makey’s Post

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Sports Trading & Product Development

In my own personal opinion - and it is strictly that - it is vitally important that this petition is signed by anyone who believes in economic liberty, freedom & the ability for individuals to spend their money how they so wish - and that's without mentioning the hard working people who live from, and work in, the wider gambling industry, and the mass-contributions that regulated gambling brings to the state as a whole. The enforcement of strict, draconian measures regards spending will have catastrophic effects for the industry, and will lead to a mass-exodus of life-long punters from the orbit of regulated gambling. According to an article on today's Racing Post, "the proposed checks could see bettors having to prove they can afford their hobby if they sustain losses as low as £1.37 per day". This is completely mindless, and these very people these measures aim to help will be thrust in to the dark world of unregulated gambling ('the black market') where they will have zero protection from unchecked & unhinged predatory practices, which are currently rampant in the 'underworld'. Policy makers & decision-makers alike may start to take more interest in this when government coffers from legal, regulated gambling become noticeably weaker as a result of a reduction in betting turnover which will naturally result in a big fall in the levy field. Let's be clear: gambling laws need to be updated to reflect the digital age, but they do not need to go excessively 'over the top' and infringe on the personal freedom of those millions who gamble responsibly every year, and the tens of thousands who's bread & butter depend directly, and indirectly, on horseracing/regulated gambling in general. Horse racing contributes over £4billion to the UK economy each year, and these affordability checks have the ability to threaten many a livelihood. Policy on these delicate but vital issues should be developed & implemented by experts of their field & those who live this world daily, not by puritanical, moralistic desires from those watching from a distance. This issue merits much closer inspection but these are my views in a minor nutshell. Articles of interest: https://lnkd.in/eKhHbwDj https://lnkd.in/eFM7eu5A https://lnkd.in/ebK4wmts https://lnkd.in/e6KtUkBA #affordabilitychecks #gambling #sportsbetting #liberty #markets #gamblingcomission #sports #horseracing #levy #taxes #economics

Petition: Stop the implementation of betting affordability/financial risk checks

Petition: Stop the implementation of betting affordability/financial risk checks

petition.parliament.uk

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