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New controls on gambling industry

New controls on gambling industry
The Gambling Commission has proposed new rules that would require betting firms to establish how much customers can afford and to set limits on their spending.

Reported by The Daily Telegraph, the Gambling Commission also suggested that Office for National Statistics (ONS) data on household earnings and wealth could be used to determine what a customer can afford.

Efforts must also be made to check signs of problem gambling, such as chasing losses, erratic betting patterns or high stakes following a win.

The regulator will also next month unveil plans to ban gamblers from using credit cards, as well as restrictions on alternative forms of borrowing such as overdrafts and loans.