TLDR The Prize Competition Council (PCC) has officially launched as a trade association for the UK prize draw sector. The PCC brings together more than 50 operators to promote player protection and responsible standards. The launch follows a voluntary code of conduct that came into effect in May this year. A nine-person board, led by independent chair George McGregor, will serve a two-year term. The UK prize draw market generated £1.3 billion in revenue last year from around 7.4 million active players.
The Prize Competition Council has officially launched in the UK. It will act as a trade body for the country’s prize draw sector.
The announcement was made on Wednesday. More than 50 operators are expected to join the new group.
The PCC’s main goal is to promote responsible standards across the industry. It also wants to improve protections for players who enter prize draws.
Background on the Voluntary Code
The launch follows months of work between operators across the industry. This work led to a voluntary code of conduct for the sector.
The UK government published the code in November last year. It came into effect in May this year.
The code focuses on transparency and accountability. It also gives players the option to set monthly spending limits.
Operators can also set their own spending limits for users. This is meant to support responsible play across the sector.
Daniel Swann, who represents smaller operators on the board, spoke about the code. He said it is important that all companies adopt it and trust that the PCC represents their interests.
Who Sits on the New Board
The PCC has elected a nine-person board to serve a two-year term. The board includes people from both large and small operators.
George McGregor will serve as independent chair. Other