-
@ Emeritus Prof Christopher May
2025-02-16 09:03:22
Only well-regulated capitalism can work, so its disappointing (although hardly surprising) to find another regulator (this time the Gambling Commission) being much too cosy & accommodating to the sector it regulates; secret accommodations with the sector is the classic symptom of regulatory capture.
For a regulated capitalism to work, the regulators need to be sceptical & tough on those they regulate, but the UK pretty commonly fails this test!
#regulation #gambling
https://www.theguardian.com/society/2025/feb/16/betting-giants-spared-regulatory-action-after-secret-deals-with-watchdog