The UK horseracing industry has recently joined forces to oppose the introduction of affordability checks for customers who wish to bet on horse racing. This move comes as the UK Gambling Commission (UKGC) has proposed a new set of regulations that would require customers to prove their financial ability to bet on horse racing. The UKGC believes that such measures are necessary in order to protect vulnerable customers from gambling-related harm.

The UK horseracing industry, however, has argued that the proposed regulations are too restrictive and would have a detrimental effect on the industry. The industry is concerned that the introduction of affordability checks would lead to a decrease in betting activity, which would have a negative impact on the sport. Furthermore, the industry believes that the proposed regulations would be difficult to enforce and could lead to an increase in illegal betting activity.

The UK horseracing industry is not alone in its opposition to the proposed regulations. Several leading bookmakers, including Ladbrokes and William Hill, have also voiced their concerns about the potential impact of affordability checks. They argue that such measures would be overly burdensome and could lead to a decrease in betting activity.

The UKGC has defended its proposals, arguing that affordability checks are necessary in order to protect vulnerable customers from gambling-related harm. The Commission has also stated that it is open to discussing alternative measures with the horseracing industry.

It remains to be seen how the debate over affordability checks will play out. The UK horseracing industry is clearly opposed to the introduction of such measures, and it remains to be seen whether the Commission will be willing to compromise or if it will push ahead with its plans. Whatever the outcome, it is clear that the debate over affordability checks is set to continue for some time.