UK Gambling Commission fines Videoslots Limited £650,000 for failing to prevent high-risk gambling and ML activity, exposing the risks of over-reliance on flawed automated systems

The regulator found that the operator relied too heavily on automated systems, which failed to flag high-risk transactions, such as customers depositing tens of thousands of pounds via prepaid vouchers without proper source-of-funds checks. Additionally, Videoslots’ safer gambling systems inadequately monitored player losses, allowing some customers to exceed their deposit limits without timely intervention…