In U.K., Illegal Betting on the Rise

In the wake of government crackdowns on betting to reduce harms, black markets have increased their presence. GVC CEO Kenny Alexander warns that the black market “will only increase” in markets where gambling is severely curtailed, like the U.K. The U.K. Gambling Commission sent British gambling stocks reeling after threatening to reduce maximum allowable bets for online games to £2. The curbs amount to a ban on the machines, insist gaming companies.