There are a lot of regulatory changes happening in the UK today. In fact, in 2005, then Prime Minister Tony Blair made some changes in the regulation of the industry. As a result, the gambling industry grew to what it is today. However, given the changes in technologies, there are regulators who see this as a problem. Nowadays, people could easily bet on their games using their phones. It is also possible to lose a significant amount of money in a short period of time.
Last year, fixed-odds betting terminals were targeted by the regulators. The stake has been decreased from £100 to £2. This means that people will have a lesser chance of losing a lot of money. But is it really a good move? In fact, a lot are worried that poor people are at risk in the gambling industry.
If you will take a closer look at the industry today, people who don’t have the money tend to gamble than to buy their necessities. The same thing happened in Texas when families sell their food coupons in exchange for gambling money. Unfortunately, Texas spends around $15,000 annually to feed the needy. It is definitely a tricky problem to solve considering the access to the world wide web and how easy it is to actually bet online.