British Racing Faces a Crisis of Its Own Making The recent decision by the Gambling Commission to implement financial risk assessments, widely known as affordability checks, has sent shockwaves through the British horseracing industry.
The governing body, the British Horseracing Authority (BHA), has expressed its "huge disappointment" at the move, warning that it will have severe financial implications for the sport and the UK economy.
At first glance, introducing affordability checks may seem like a sensible measure to prevent problem gambling and protect vulnerable individuals. However, the BHA's concerns are not without merit.