Online gambling is a huge market where significant money is involved. Money comes from people, who want to have some entertainment in online casinos or bookmakers. Someone has to care for player’s funds and safety, and it’s a role of regulatory bodies. Legal requirements and guidelines from authorities that casinos have to follow makes it the trustworthy place for players. Different countries can have a bit different regulation, but general rules are very similar. An important factor is that online casinos are in the regular audit. Authorities are checking finance, technical matters and of course taxes. Structure of company holding a license must be clear.
The casino can hold more than one license at the same time. Here is a short list of other countries with regulators.
- Alderney Gambling Commission
- Curaçao Gaming Control
- Gibraltar Gambling Ordinance – Government of Gibraltar
- IOM Gambling Supervision Commission
- Kahnawake Gaming Commission
- Antigua & Barbuda FSRC Gaming Division
Holding a license by the online casino is a critical factor for every player. The first reason is of course broadly defined safety. Playing in the online casino that follows law ensures quality gaming experience and game fairness. Player while sign up is sharing with personal casino data and financial information. All of it has to be secured. Payments to customers are also under supervision. Casino with license will follow good practice when it comes to responsible gambling and self-exclusion.
An essential matter for UK customer is UK Gambling Commission in the online casino. It is merely illegal for UK player to play in the casino without it. Playing illegally can bring serious consequences.
Before starting playing – necessarily check if casino holds the trustworthy license. Each casino must display information about it on its site.