On 3 November 2022, the UKGC announced that it had lifted the Licence suspension it had placed on sports betting company, Lebom. UKGC had taken this action after the gambling company adopted the national self exclusion service, GamStop.
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In fact, Lebom quick action was quite right as the delay in integrating GamStop would have resulted in the suspension of all British gamers' accounts, freezing their bank accounts. And removing Lebom from the affiliate platforms, which would have led to the collapse of the company's name. Obviously reputation in the industry. But after adopting GamStop, the company will regain its licence again. And will be able to provide its services to all British users again without any obstacles or problems.
Starting in 2020, the UKGC has made GamStop integration mandatory for all gambling sites. Initially, casinos were slow to implement the commission's directives, prompting the latter to threaten to withdraw the licence. In fact, Lebom was the first company to have its Licence suspended due to its slowness in integrating GamStop.
What Is Lebom?
First launched in the year 2019, Lebom is a one brand company that provides peer-to-peer betting services via Android and iOS apps. Last November, the company was suspended and fined by the UKGC for failing to integrate GamStop after the UK gambling regulator declared integration of a self-exclusion scheme mandatory for all UK gambling sites.
As previously mentioned on JustUK.Club, GamStop is the UK's national self exclusion programme, which aims to help vulnerable groups with problem gambling. This scheme offers varying self-exclusion periods ranging from six months to five years.
During the self exclusion period, the player can’t resume playing in any casino that holds the UKGC licence.
Over the past years, the UKGC has proven to be uncompromising when it comes to enforcing gambling legislation aimed at protecting vulnerable groups.
The UKGC Does Not Tolerate Offending Gambling Sites
Over the past few years, the UKGC has been applying stricter regulatory measures to the industry. Regardless of the impact on the amount of investment in the industry.
The committee has penalized many well-known gambling companies such as Entain, Smarkets, Betway and 1xbet for failing to comply with licencing requirements.
In September 2022, the country's gambling watchdog fined Betfred £2.9m for breaching the terms of the licence. Relation to social responsibility and failing to implement anti-money laundering measures.
In August of the same year, the UKGC fined Entain up to £17 million for a range of regulatory failures. Mainly related to money laundering and failure to enforce social responsibility rules.
Smarkets was also one of the companies to suffer penalties from the UKGC. Basically, failing to enforce anti-money laundering measures as the company paid a £630,000 fine in August 2022.
As for 1xbet, its licence has been permanently withdrawn. In Fact the famous Russian non gamstop betting site has offered a product called “Battlecock,” where bets are accepted on cockfighting.