The UK government is planning to reduce maximum stakes on fixed-odds betting terminals (FOBTs) to just £2, according to local media reports.

On Sunday, the Sunday Times and the Financial Times both reported that the UK government’s three-month consultation period, which ends on Tuesday, will result in a recommendation for a reduction in the maximum FOBT stake from its current £100 to just £2.

MP Matthew Hancock was recently named new secretary of the Department for Culture, Media and Sport (DCMS), which oversees gambling activity in the UK. The Times quoted an unidentified Hancock ally saying the “overwhelming” response to the FOBT consultation has convinced Hancock that the new maximum stake should be “at the bottom of the range.”

The Hancock ally said the new secretary’s attitude toward FOBTs was “very negative because it takes money from reasonable, mature betting, like on the horses.” Hancock is a recognized supporter of the UK racing industry, as his constituency includes Newmarket Racecourse, and Hancock himself trained as a jockey.