Online Gambling Regulatory Bodies
By Michael Volton / June 13, 2020
A legal online casino must be regulated by one or more gambling regulatory bodies. This ensures that the operator is offering high-quality gaming products to its players. In order words, it ensures that the games are fair and random. In essence, these bodies regulate the operation of an online casino, ensuring that the platform meets the required standard.
These regulatory bodies offer a gambling license. Bear in mind that both online and land-based casinos need to obtain the appropriate license. This is essential for any game that involves betting or staking with real money.
Furthermore, a gambling license is a certificate that authorizes an online gaming site to operate. Any casino site without the license is not considered legal. So, you have to obtain a gambling license if you offer games of chance that involve betting with money.
Some of the trusted gambling regulatory authorities are Malta Gaming Authority, Curacao eGaming, Gibraltar Gaming Commission, UK Gambling Commission, among others. Furthermore, these regulatory authorities have the right to license and regulate the activities of online gambling operations. In this article, we will look at some of the prominent online gambling regulatory bodies.
We will give you brief information about these licensing bodies and how they regulate online casinos.
UKGC (United Kingdom Gaming Commission)
The UK Gambling Commission operates under the Gambling Act of 2005. It has the responsibility of regulating and licensing online casinos in Great Britain. This body's primary goal is to ensure that the gambling operation is in accordance with the Act's standard. Before the award of UKGC licence, the issuing body will consider the following elements:
If the casino does not hold up to the UKGC standard it is known as a non UK casino site since it does not hold a UK casino licence. The licensing body mandates all online casinos to keep players' funds in a separate bank account. This measure ensures that players get their funds should bankruptcy occur.
The Malta Gaming Authority is a stand-alone regulatory body that governs the activities of both land-based and online Malta casinos. Its license covers lottery, sports, bingos, sweepstakes, among others. This regulatory body's professional conduct includes honesty, competence, respect, transparency, communication, and responsibility. The Malta Gaming Authority verifies the authenticity of games, thereby protecting players' interest by ensuring fair games.
All gambling operations in Gibraltar must be licensed under the Gambling Act of 2005. Apart from that, the licensing body also issues a remote gambling license for internet and telephone betting.
The Gambling Commissioner ensures that all license holders operate according to the guidelines provided. Gibraltar license is somewhat challenging to obtain. This shows that Gibraltar-licensed casinos are trustworthy and reliable.
The gambling products and services of an online casino must be compliant with the standard of Gibraltar regulatory authority before it can be issued a license.
The Curacao eGaming is known as one of the reputable and longest-standing license providers for an online gambling operation. The body was established in 1996, since then it has been regulating the activities of online casino operators.
This license covers sports betting, lottery, the game of skill, and casino. The Curacao license protects players from security and privacy violation.
You must ensure that an appropriate regulatory body licenses a gambling site before making a financial commitment. If you play at a casino without a licence you are risking gambling at a casino that is not part of Gamstop. Apart from protecting you from breach of privacy and security agreement, you will also have access to fair and random games.
If you desire to play real money casino games on a trustworthy online casino, you should be on the lookout for any of the Online Gambling Regulatory Bodies mentioned above.