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More than half of the online profits generated by gaming companies operating in the UK come from problem and at risk gamblers, warns a major new report from ResPublica.
Tech expert and ResPublica report author Tim Cowen, welcomes £3.8bn fine of Google by EU Responding to the news that Google has been fined a record £3.8bn by the EU for illegal android strategy, Tim Cowen, a leading Tech expert and author of the ResPublica report “Technopoly” and what to do about it: Reform, Redress and Regulation, which set out a series of recommendations on improving competition in the sector commented: “The Commission’s decision shows that Google took a strategic decision to embed search and ‘cement’ it into Android mobile phones.
Facebook and Google must end anti-competitive practices or face being broken up Current competition law is not fit for purpose, regulators follow pro-monopoly standards Consumer choice and innovation should be the new norm, not just consumer welfare Competition law needs to stop privileging big business and focus on the benefits of small businesses and market structure Regulators should strip the wrongdoer of their profits for their wrongdoing Social media is media, and should be regulated in the same way as traditional media Current merger controls should be changed to meet challenges of the digital age Current UK inaction on merger controls is unsustainable Internet giants such as Facebook and Google must end anti-competitive “kill in the crib” practices or face sanctions including being broken up, says think tank.
Betting firms should be treated like Big Tobacco, because of the harm their products do to the public, says a leading Westminster based think-tank.
ResPublica warmly welcomes the Government’s decision to slash the maximum Fixed Odds Betting Terminal stake to £2, but urges them to go further Phillip Blond, Director, ResPublica commented: “We warmly welcome the Government’s decision to slash the maximum fixed odds betting terminal (FOBTs) stake to just £2.
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