Betting firms await major industry shakeup which will set stake limits for online gambling

But industry source tells The Independent reforms will ‘not be a silver bullet’ and could take ‘years’ to come in

Culture secretary Lucy Frazer will unveil the biggest overhaul of the rules governing the sector since the Gambling Act in 2005 (PA Wire)

A long-awaited shakeup of gambling industry regulations aimed at protecting punters from problem gambling is set to be published.

The White Paper, first promised in December 2020, will be the biggest overhaul of the rules governing the sector since the Gambling Act in 2005 and will be published on Thursday.

Key measures will include updated regulation to catch up with the growth in online gambling, new powers for regulator the Gambling Commission and a tax on gambling firms to fund research, education and treatment for addicts.