Regulation in online gambling, good or bad?
As online gambling has taken over the internet in recent years, many questions about the morality and legality of it has arisen.
Today there are more licensed areas around the globe than there have ever been, and it seems like that trend will continue until every market is regulated.
With regulation comes
rules and policies to follow whose aim is to protect the gambler and to make sure the companies operate within the law.
Despite popular belief, regulation invites more casinos and bookies to operate because many companies choose not to participate unless the law allows them to.
We are seeing that countries with casino markets like South Africa’s
is going to grow a lot.
Regulation in Sweden
People within the business will know that the regulation in Sweden has made it hard for operators to stay within the law.
The reason for this is because of the ever-increasing demands on the gambling companies, from everything from offering multiple bonuses to taking proper steps to ensure no money is being laundered through their services.
While the online casino climate has become stale in Sweden, the bottom line is that the players are now more protected from the greed of the operators.
There had been several reports of problem gamblers being offered VIP trips, exclusive bonuses and free items to ensure that they keep playing.
This might not seem like a huge deal to most people, but problem gamblers are very impressionable people that need to be protected from themselves.
Regulation in the UK
The UKGC is one of the most well-known online gambling regulators, mostly because of how efficient they have been with their policies.
Companies get their licenses withdrawn all the time if they fail to meet their demands in time.
The UKGC has one of the most extensive rulesets there is and if an online casino holds a license there then you as a player can be sure of being treated fairly.
If you are to compare casinos make sure to compare with a UKGC compliant gambling guide
At least that is how it’s supposed to work.
In reality, online casinos break the rules all the time and the only one who can really protect you as a player is yourself.
The future of regulation
In the future we predict that the EU will have 1 regulation that rule the whole continent.
Alternatively, the UKGC, MGA and every other commission will merge.