Flutter Entertainment, one of the leading bookmaking industry giants, has revealed its plans to implement loss limits for those players who are under 25, according to the news about the betting market.
Flutter is a parent company of the major betting brands in Great Britain and Ireland – Paddy Power and Betfair. Not so long ago, it already announced its other steps to prevent gambling addiction.
The new rules are expected to come into force by 2022
Flutter is going to cut down an amount of money, which youngsters can lose during betting. If the new rules come into force by 2022, young customers won’t be able to spend more than five hundred euros on gambling. It means that bettors will be allowed to deposit only this sum during a month. Flutter shows once again that its betting profits formula can’t be impacted by safer wagering responsibility.
Login Casino has already overviewed the company’s previous attempts to promote responsible gambling initiatives. One of them was the prohibition of deposits via credit cards. If the operator launches this project, it will become the first bookmaker to do this among young users. The company representatives say that punters under 25 are more prone to problem gambling as they face a new stage in their life, which includes independence. However, Flutter is ready to increase the limit in some cases, but such situations will be considered separately, and bettors’ financial status will be assessed thoroughly.
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