Close Menu
    Facebook LinkedIn YouTube WhatsApp X (Twitter) Pinterest
    Trending
    • These Were My Favorite Things Samsung Unpacked During Its 2026 Galaxy Event
    • AI minister role boosted but tech department axed in Burnham shake-up
    • Loop Engineering for RAG Question Parsing: The Small Loop That Runs Before Retrieval
    • The risk of weather data sabotage is rising
    • Hand-E Now Reaches 100 mm Without Giving Up an Ounce of Precision
    • Weight loss drug effectiveness and long term maintenance
    • Here’s what Albo’s ‘Office of AI’ means for Australian tech
    • YouTube and X Have Become ‘Gateways’ to Nudify Apps
    Facebook LinkedIn WhatsApp
    Times FeaturedTimes Featured
    Thursday, July 23
    • Home
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    • More
      • AI
      • Robotics
      • Industries
      • Global
    Times FeaturedTimes Featured
    Home»News»Greater protections for players of prize draw competitions introduced
    News

    Greater protections for players of prize draw competitions introduced

    Editor Times FeaturedBy Editor Times FeaturedNovember 21, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp Copy Link


    The UK Authorities has launched a new code which goals to strengthen protections for gamers getting into prize draw competitions.

    The introduction was introduced on Thursday (November 20), with greater than 20 main operators having signed as much as the voluntary code, which can see stronger protections and higher transparency.

    This comes after prize draws have grown in popularity over the previous couple of years, with a large 7.4 million adults taking part in annually throughout the UK. The market is described as being price £1.3 billion ($1.7 billion) yearly.

    Right this moment, we've revealed our new Voluntary Code for prize draw operators. The thousands and thousands of individuals having fun with these competitions yearly will now profit from stronger protections and higher transparencyhttps://t.co/R2x9BEvAo4

    — Fiona Twycross (@fionatwycross) November 20, 2025

    Nevertheless, as a consequence of these attracts additionally providing a free entry route for gamers, these working them don’t at present require a licence in response to the Playing Act 2005. The federal government says that in gentle of this progress available in the market, they’re decided to make sure that gamers are in a position to take pleasure in prize attracts safely.

    The newly launched code has established a transparent set of business requirements “which can assist present a uniform strategy throughout the sector to strengthen participant protections, enhance transparency and enhance accountability of prize draw operators.”

    Month-to-month bank card cap launched for prize draw operators

    Playing Minister Baroness Twycross mentioned: “Hundreds of thousands of individuals take pleasure in getting into prize draw competitions yearly, and they need to be assured that affordable protections are in place. Due to the introduction of this code, that would be the case.”

    The adjustments embody a month-to-month £250 ($326) cap on bank card entries for prize attracts and a whole ban on bank card entries for all instant-win competitions.

    As a part of the code, there may be now additionally a dedication to make sure free entry routes are sufficiently publicised and accessible to all. In addition to new measures for operators to determine and mitigate in opposition to hurt, together with signposting to help the place needed.

    Presently, greater than 20 main operators are mentioned to have agreed to enroll to the code following intensive consultations between the sector and the federal government. These operators will then have six months to implement the code’s provisions.

    The playing minister continued: “I wish to thank the entire operators who’ve already signed up, each for his or her cooperation in growing the code, and their dedication to following it shifting forwards.”

    Featured Picture: AI-generated through Ideogram

    The submit Greater protections for players of prize draw competitions introduced appeared first on ReadWrite.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Editor Times Featured
    • Website

    Related Posts

    Kalshi lawsuits dominate prediction market news today

    July 13, 2026

    Catawba Tribe Plans Two More North Carolina Casinos

    July 3, 2026

    Polymarket scrutiny, Schwab entry – latest prediction market news

    June 23, 2026

    Honolulu gambling raid in Waimakua Place nets machines

    June 13, 2026

    New Mexico lawsuit targets Kalshi sports contracts

    June 6, 2026

    Rhode Island Senate approves sports betting market expansion

    June 5, 2026

    Comments are closed.

    Editors Picks

    These Were My Favorite Things Samsung Unpacked During Its 2026 Galaxy Event

    July 22, 2026

    AI minister role boosted but tech department axed in Burnham shake-up

    July 21, 2026

    Loop Engineering for RAG Question Parsing: The Small Loop That Runs Before Retrieval

    July 19, 2026

    The risk of weather data sabotage is rising

    July 18, 2026
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    About Us
    About Us

    Welcome to Times Featured, an AI-driven entrepreneurship growth engine that is transforming the future of work, bridging the digital divide and encouraging younger community inclusion in the 4th Industrial Revolution, and nurturing new market leaders.

    Empowering the growth of profiles, leaders, entrepreneurs businesses, and startups on international landscape.

    Asia-Middle East-Europe-North America-Australia-Africa

    Facebook LinkedIn WhatsApp
    Featured Picks

    Federal judge shuts down Coinbase bid to block Nevada gambling enforcement

    February 10, 2026

    This AI Model Never Stops Learning

    June 18, 2025

    The Best Plant and Gardening Gifts From LetPot (2025)

    December 18, 2025
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    Copyright © 2024 Timesfeatured.com IP Limited. All Rights.
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us

    Type above and press Enter to search. Press Esc to cancel.