UKGC Suspends Deadheat Racing’s License Amid Investigation
The United Kingdom Gambling Commission (UKGC) has announced the suspension of Deadheat Racing’s operating license as part of an ongoing investigation. The regulator suspects that the operator failed to meet required standards concerning anti-money laundering (AML) controls and social responsibility obligations in Great Britain.
Immediate Suspension and Investigation of Deadheat Racing
On November 21, the UKGC took the decision to suspend Deadheat Racing’s license effective immediately. This action follows concerns regarding the company’s AML practices and adherence to social responsibility policies. The commission believes there may have been breaches of licensing conditions, prompting a comprehensive review to assess whether Deadheat Racing remains fit to hold a gambling license.
The UKGC emphasized that during this suspension period, Deadheat Racing must prioritize fair treatment of consumers and keep them informed about any significant developments impacting their services.
Ongoing Regulatory Oversight in the Gambling Market
This suspension is part of the UKGC’s broader efforts to maintain robust regulatory standards across the gambling industry. Recently, the regulator imposed a substantial fine of GBP 650,000 (approximately USD 851,000) on Videoslots due to notable failures in anti-money laundering measures and player protection mechanisms. Investigations revealed that Videoslots relied heavily on ineffective automated systems, which led to problematic deposit limits and delayed detection of AML concerns.
The UKGC also highlighted persistent issues with open-loop payment methods, such as vouchers that can be anonymously purchased or acquired through cryptocurrency on third-party platforms.
Furthermore, the commission continues to monitor hundreds of illegal gambling operators active in the market. Despite regulatory efforts, some players still engage with offshore brands offering more attractive bonuses and betting options. The UKGC warns that such unregulated platforms pose significant risks, as they do not comply with established rules designed to protect players.
