The Information Commissioners Office (ICO) has announced that GDPR does not prevent gaming firms using credit bureau data to inform their understanding of a player’s financial risk.
In association with this, the Gambling Commission (GC) has proposed spending limits should be used as triggers for making vulnerability checks on players. The data being proposed to make these checks includes public information such as CCJs and bankruptcies, as well as more insightful credit and current account turnover data collected by credit bureau.
Financial institutions have been using these data for many years as trusted sources of information to inform someone’s financial well-being when applying for a loan.
The Gambling Commission is now consulting on these proposals in its review of Licensing Conditions and Code of Practice, which concludes at the end of October.
The results of this consultation may call on gaming firms to adopt credit bureau data as part of their everyday operations to protect players from harm.
Read more