YouGov survey suggests 43 of problem gamblers own cryptocurrency

A recent survey by market research and analytics company YouGov has proposeda link between gambling, cryptocurrency and financial worries due to the cost of living crisis

A recent appraise past market place explore and analytics keep company YouGov has proposeda link 'tween gambling, cryptocurrency and financial worries due to the be of living crisis.

The survey, commissioned past play backing charity GamCare to stain its 25th anniversary, looked at a taste aggroup of 4,000 people from crossways the UK, for their views on gaming and financial issues.

According to the research, a concerning recent trend is a prove inward high-risk trading and investing, in particular involving cryptocurrencies. The contemplate found that 43% of problem gamblers own cryptocurrency, 66% of low-level job gamblers looked to cryptocurrency trading to make water money and that job gamblers are more likely to report negative experiences with cryptocurrency.

GamCare Chief Executive Anna Hemmings said: “It is concerning to assure the appraise data, which suggests that those who feature experient serious gaming harms are to a greater extent likely to go through negatively charged impacts when crypto trading, such as chasing their losses, intuitive feeling overwhelmed and non beingness able to make up their bills.”

Financial pressure level resulting from the rising cost of living was another Florida key come out revealed by the study. YouGov information found that 46% of participants inwards the meditate were worried or very worried well-nigh their financial situation. This fig roseate to 61% inwards those who also reported important play losses.

GamCare helpline advisors describe callers gaming as a way of life of making extra money, hoping that it will improve their financial state of affairs but only making it worse. Furthermore, advisors reported cases of callers who had recovered from gaming addiction relapsing due to the pressures of their financial difficulties.

GamCare’s in style(p) yearly figures showed that 75% of gamblers using the helpline reported financial difficulties, with 66% of them in debt. Of those inwards handling for gambling issues, 80% reported financial difficulties with 66% in debt.