Gamban update sees FX and Crypto trading platforms blocked

Gamban has updated its self-exclusion system to block user engagements and access with FX, crypto and currency trading platforms.

Updating stakeholders, Gamban disclosed that it had added CFDs cryptocurrency exchanges, binary options, forex trading platforms to its list of blocked websites.

The changes are set to be introduced from 1 August and follow an assessment by Gamban that noted a “significant overlap between traditional gambling and emerging investment platforms, where there is significant capacity for harm due to exposure to risk from speculative trading and volatility.”

The decision to add financial trading platforms, to its list of blocked websites was undertaken to better protect its users, who are experiencing behavioural disorders related to direct or indirect gambling engagements.

Founded in 2015 by former gambling addict and software enginner Jack Symons, Gamban brands itself as the most comprehensive gambling blocking tool that can be utilised across Windows, Mac OS X, iOS and Android devices.

“We recognise to some of our users, this approach will appear quite blunt.” Gamban statement read.

“However, we feel that where inappropriately regulated products emerge, which exist at the intersection between gambling and investing, but are more akin to speculating, Gamban must block these if it is to remain the safety net our users rely on.”

During 2018 GambleAware commissioned independent research to evaluate the effectiveness of blocking software and to compare existing products.

Gamban emerged the most effective and, as a result, Gamban has been provided free of charge through all Gamcare support networks across the UK.