Yield Sec data suggests an increase in the UK black market targeting high risk players.

Yield Sec data reveals a surge in black market gambling operators preying on vulnerable players, notably those who self-excluded on GAMSTOP.

The illegal operators more than quadrupled from 2021 to 2022 and doubled again to 231 in 2023.

This illegal gambling now accounts for 4% of the UK's online market share and revenue, causing a drop in tax income and funding for responsible gambling efforts like GAMSTOP.

 

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The revelation of an increase in black market gambling operators targeting vulnerable players is concerning and sheds light on the ongoing challenges within the online gambling industry. The data provided by Yield Sec indicates a significant surge in illegal operators, with their numbers more than quadrupling from 2021 to 2022 and then doubling again to reach 231 in 2023.

One of the most alarming aspects of this trend is that these illegal operators specifically target players who have self-excluded on platforms like GAMSTOP, exploiting their vulnerability and lack of access to regulated gambling sites. This raises serious ethical and moral concerns, as these operators are essentially preying on individuals who have chosen to opt out of gambling in order to protect themselves.

The fact that this black market gambling now accounts for 4% of the UK's online market share and revenue is indeed significant. Not only does it result in a substantial loss of tax income for the country, but it also impacts funding for responsible gambling initiatives such as GAMSTOP. These initiatives are designed to provide support and resources for individuals struggling with gambling addiction, and any decrease in funding can have detrimental effects on their effectiveness.

This situation underscores the need for stricter regulations and enhanced enforcement measures to combat the growth of the black market gambling sector. It is crucial for authorities to work closely with industry stakeholders to identify and shut down illegal operators, as well as implement measures that protect vulnerable players from being targeted.

Furthermore, it is important for gambling operators and regulators to continue investing in responsible gambling efforts and initiatives. By supporting and promoting responsible gambling practices, operators can help reduce the appeal of illegal gambling options and provide a safer environment for players. Additionally, increased public awareness and education about the risks of black market gambling can also play a role in mitigating its growth.

Overall, this data highlights a concerning trend in the UK online gambling market. It calls for a collaborative effort from regulators, operators, and other industry stakeholders to tackle the issue and ensure the protection of vulnerable players while maintaining the integrity of the gambling industry.