The Gambling Commission has welcomed an investigation into the restrictions placed on customers withdrawing money from their online gambling accounts.
The Competition and Markets Authority (CMA) has announced enforcement action and has written to a number of online gambling firms in respect of terms and practices that may place unfair obstacles in the way of people withdrawing their money (whether as part of a promotion or not).
The CMA has particular concern about:
Ian Angus, Programme Director at the Gambling Commission said: “We support the CMA’s investigation - gambling firms should not be placing unreasonable restrictions on when and how consumers can withdraw money from their online gambling accounts. While the CMA continues its enquiry, we expect all online operators to look closely at the terms and practices they have in place and consider if they are fair on their customers.”
The CMA will update its website on a regular basis as the investigation progresses.
Journalists can contact our press office on 0121 230 6700 or email: email@example.com
Browser does not support script.
During the last two decades, the use of mobile …
Systemic failings at the Ladbrokes Coral Group …
New rules added to the licence conditions and c…