The UK Gambling Commission (UKGC) has set forth a new corporate strategy aimed at enhancing gambling safety and regulation over the next three years. This strategic document, titled “Gambling Regulation in a Digital Age,” outlines the commission’s approach to adapting to an evolving digital landscape.
Emphasizing Data and Analytics
The UKGC plans to leverage data and analytics to improve the effectiveness of gambling regulation. This includes setting evidence-based requirements for licensees and enhancing operational functions to ensure a fairer market and more informed consumers.
The commission’s focus on data will also help in proactively addressing issues at the earliest opportunity, thereby protecting vulnerable populations from gambling-related harm. The strategy emphasizes the importance of using data to understand and mitigate the risks associated with gambling.
Operational Excellence and Consumer Protection
The UKGC’s strategy also includes a comprehensive review of its operational functions. The goal is to ensure that the commission’s resources are effectively utilized to regulate the industry and protect consumers.
This involves setting clear, evidence-based requirements for licensees and ensuring that these requirements are communicated transparently. The UKGC aims to be the authoritative voice on evidence and data, tackling misinformation and focusing on facts to improve outcomes for the public.
The Future of the National Lottery
Regulating a successful National Lottery is another key area of focus for the UKGC. The strategy outlines the commission’s commitment to ensuring that the National Lottery operates with integrity and continues to contribute to good causes.
The UKGC will work to optimize returns to good causes from the National Lottery while ensuring that the competition remains fair and crime-free. This will involve close monitoring and regulation to maintain the lottery’s integrity and public trust.