ianna Fáil wants to force bookmakers to limit the amount that punters can lose online after the founder and former chief executive of Paddy Power called for mandatory restrictions to be put in place.

Stewart Kenny, who co-founded the bookmaker and was on its board until 2016, told The Times last week that mandatory limits were needed on money deposited online and that a cooling-off period should be imposed before the caps could be changed.

“If the gambling industry are in any way serious about doing something practical on gambling addiction they should not have any problem with this suggestion. The present system of voluntary deposit limits simply hasn’t worked,” Mr Kenny said.