Asked by: Ronnie Cowan (Scottish National Party - Inverclyde)
Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Digital, Culture, Media and Sport, what estimate the Government has made of the value of front-of-shirt football team sponsorships by cryptocurrency platforms.
Answered by Chris Philp - Shadow Home Secretary
I am aware of the growth in commercial partnerships between cryptocurrencies and professional sport. On 18 January 2022, the government set out its intention to legislate later this year to bring certain cryptoassets into financial promotion regulation. The FCA has also publicly consulted on its detailed rules for the regime. This would ensure that relevant cryptoasset promotions are held to the same high standards for fairness, clarity and accuracy that pertain in the financial services industry.
Cryptocurrencies are not within the legal definition of gambling in themselves and therefore are not in scope of the Gambling Act Review.
Asked by: Ronnie Cowan (Scottish National Party - Inverclyde)
Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Digital, Culture, Media and Sport, whether she has made an assessment of the potential risks of sports sponsorship by cryptocurrency platforms.
Answered by Chris Philp - Shadow Home Secretary
I am aware of the growth in commercial partnerships between cryptocurrencies and professional sport. On 18 January 2022, the government set out its intention to legislate later this year to bring certain cryptoassets into financial promotion regulation. The FCA has also publicly consulted on its detailed rules for the regime. This would ensure that relevant cryptoasset promotions are held to the same high standards for fairness, clarity and accuracy that pertain in the financial services industry.
Cryptocurrencies are not within the legal definition of gambling in themselves and therefore are not in scope of the Gambling Act Review.
Asked by: Ronnie Cowan (Scottish National Party - Inverclyde)
Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Digital, Culture, Media and Sport, whether the ongoing Gambling Review White Paper will look into the engagement of fan token cryptocurrencies.
Answered by Chris Philp - Shadow Home Secretary
I am aware of the growth in commercial partnerships between cryptocurrencies and professional sport. On 18 January 2022, the government set out its intention to legislate later this year to bring certain cryptoassets into financial promotion regulation. The FCA has also publicly consulted on its detailed rules for the regime. This would ensure that relevant cryptoasset promotions are held to the same high standards for fairness, clarity and accuracy that pertain in the financial services industry.
Cryptocurrencies are not within the legal definition of gambling in themselves and therefore are not in scope of the Gambling Act Review.
Asked by: Ronnie Cowan (Scottish National Party - Inverclyde)
Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment she has made of trends in the level of engagement in fan token cryptocurrencies.
Answered by Chris Philp - Shadow Home Secretary
I am aware of the growth in commercial partnerships between cryptocurrencies and professional sport. On 18 January 2022, the government set out its intention to legislate later this year to bring certain cryptoassets into financial promotion regulation. The FCA has also publicly consulted on its detailed rules for the regime. This would ensure that relevant cryptoasset promotions are held to the same high standards for fairness, clarity and accuracy that pertain in the financial services industry.
Cryptocurrencies are not within the legal definition of gambling in themselves and therefore are not in scope of the Gambling Act Review.
Asked by: Ronnie Cowan (Scottish National Party - Inverclyde)
Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment she has made of the potential implications of footballers advertising non-fungible tokens to fans.
Answered by Chris Philp - Shadow Home Secretary
I am aware of the growth in commercial partnerships between cryptocurrencies and professional sport. On 18 January 2022, the government set out its intention to legislate later this year to bring certain cryptoassets into financial promotion regulation. The FCA has also publicly consulted on its detailed rules for the regime. This would ensure that relevant cryptoasset promotions are held to the same high standards for fairness, clarity and accuracy that pertain in the financial services industry.
Cryptocurrencies are not within the legal definition of gambling in themselves and therefore are not in scope of the Gambling Act Review.
Asked by: Ronnie Cowan (Scottish National Party - Inverclyde)
Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Digital, Culture, Media and Sport, what her planned timetable is for commencing trials of a single customer view for online gambling; and whether she has discussed those trials with gambling operators.
Answered by Chris Philp - Shadow Home Secretary
The Gambling Commission has worked closely with the Information Commissioner’s Office to understand how a single customer view can be delivered in compliance with all relevant data protection requirements. The Information Commissioner’s Office recently published a report confirming it should be possible under data protection law for data to be shared safely and securely between online operators to help prevent gambling related harm. The report does not comment on how any single customer view should work in practice. We expect the industry to prioritise the trial of its planned single customer view solution as a next step and will continue to monitor developments closely.
Asked by: Ronnie Cowan (Scottish National Party - Inverclyde)
Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment she has made of the implications for her policies of Public Health England's review of the evidence on gambling harms, published on 30 September 2021.
Answered by Chris Philp - Shadow Home Secretary
The government launched its Review of the Gambling Act 2005 on 8 December with the publication of Terms of Reference and a Call for Evidence. The Review is wide-ranging and aims to ensure that the regulation of gambling is fit for the digital age. The Call for Evidence included questions on the need for changes to the system of consumer redress, the appropriate mechanism for recouping the societal and regulatory costs of gambling and on barriers to high quality research. We will publish a white paper setting out our conclusions and vision for the sector in due course, and this will include an indication of how any changes will be implemented, whether by legislation or other means.
Public Health England’s review will be a valuable contribution to our Gambling Act Review and we are considering it carefully. Alongside the Review, we will work with the Department of Health and Social Care and key stakeholders to address the knowledge gaps identified in the evidence review and improve data collection more broadly.
Asked by: Ronnie Cowan (Scottish National Party - Inverclyde)
Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Digital, Culture, Media and Sport, whether the Government has a timetable for announcing the regulation of loot boxes; and whether that regulation will required primary legislation.
Answered by Julia Lopez - Shadow Secretary of State for Science, Innovation and Technology
We ran a call for evidence from September to November 2020 to examine concerns around loot boxes in video games. The government is continuing to evaluate the evidence received from over 30,000 responses to the call for evidence, along with an independent Rapid Evidence Assessment commissioned from the InGAME research and innovation centre. Additionally, we have continued a dialogue with the games industry to develop effective and proportionate solutions in response to issues identified from the evidence. The government response outlining planned next steps is due to be published in the coming months.