Seanad debates

Tuesday, 8 October 2024

Gambling Regulation Bill 2022: Report and Final Stages

 

1:00 pm

Photo of Lynn RuaneLynn Ruane (Independent) | Oireachtas source

This amendment seeks to insert a new subsection which would charge the Gambling Authority with reviewing gambling-like activities which may need to be regulated in the future. With this amendment we are thinking of things like cryptocurrency and trade in speculative investments which are not technically gambling but do look and behave a bit like gambling. The Gambling Commission in the UK has researched emerging trends in gambling-like activity and found that there are close links between problem gambling and risky investing. This amendment would simply charge our own gambling regulator with responsibility to keep similar trends under review so that we can keep more people safe from harm moving forward.

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