Online gamblers should prove they can afford losses, report finds
Social Market Foundation will call for a Â£100-per-month âsoft capâ on online losses
Online gamblers should not be able to lose more than Â£100 a month without proving they can afford it, according to a report that will also call for betting websites that base themselves offshore to face stiffer taxes.
Proposals from the Social Market Foundation (SMF) thinktank build on growing clamour for the government to make sweeping changes to how the industry is regulated, following a string of high-profile stories about problem gambling.
A Â£100-per-month âsoft capâ on online losses.
Tax breaks for firms that move onshore.
Limits on how much can be staked online.
A regulatory shake-up, including a new ombudsman.
A kitemarking system for firms that uphold standards.
A clearer sanctions regime for those that donât.