Report
Exploring gambler attitudes towards Financial Vulnerability and Financial Risk Check proposals
The Gambling Commission’s report on the attitudes and opinions of online gamblers regarding the proposals for financial vulnerability and financial risk checks.
5 - Financial risk assessments: Thresholds for young adults
There are proposed lower net loss thresholds for young adults (18 to 24 years old). The thresholds for customers who are aged 24 years old and under are:
- £500 in a rolling 24 hour period
- £1,000 in a rolling 90-day period.
For customers 25 years old and over, the thresholds are:
- £1000 in a rolling 24 hour period
- £2,000 in a rolling 90-day period.
Why are there enhanced protections for young adults?
Young adults are more vulnerable to gambling harm as they are more likely to have lower levels of financial resources (for example economic independence for the first time), have limited gambling experience and lower motivation to adopt protective behaviours. Young adults are also more likely to have more accounts.
Therefore, to ensure that potential harm does not go undetected by gambling operators, it is recommended that thresholds are set at a lower level for customers 24 years old and under.
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What the press says about the financial checks
Last updated: 1 May 2024
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