We can all agree that gambling is something that is sometimes detested, a taboo if you wish, with many people believing that all forms and forms of gambling are gambling. lead to addiction. That statement and assumption is not correct. Not fair to the player and not fair to the gambling sites. Not all gambling leads to addiction, and with the advancement of technology that has seen online gambling nowadays, many sites have built-in fraud and gambling addiction tools, which allow gamblers to record their games while in a safe place. help to play.
Needless to say, many governing bodies around the world always try their best and provide ways and means to regulate gambling. How to protect the player at all times, while giving him power and autonomy at the same time brand new bookies To establish a safe gambling environment for all. So, today we look at how Europe is aiming to change gambling regulations, to ensure that players are as safe as gambling sites are. So let’s take a look at the top countries in Europe and the changes they are implementing regarding gambling regulations.
When it comes to Nordic countries we all know they love to gamble. NetEnt, one of the largest operators and game providers, is actually Swedish and is part of the Nordic gambling sector. When it comes to gambling in Finland, bonuses are largely a “no”, so Finnish players playing on Finnish-based operators cannot take bonuses or welcome offers from gambling sites. Of course, Finns who choose to play on other non-Finnish sites will have the facility and option to scoop up bonuses, with some casinos even banning any form of bonuses for landing on Finnish e-wallets.
Unfortunately for Finland, the country is being pushed towards gambling solely for the state-owned betting and bingo site Weekkos, because from 2023, the Finnish government will introduce a law that allows gamblers to transfer money to a non-Finnish gambling site. prevents from With Vikkos gambling sites not reaching the limits of offering solid game content, Finnish players are seeking foreign casinos to play and gamble. This new law and regulation will not be welcomed with open arms, and it is likely that many Finnish players will use VPNs to enjoy gambling in a fashionable way.
Like Finland, Sweden also had a monopoly position with the state-owned Svenska Spell gambling site. Of course the content wasn’t as vast as the other sites, so gambler retention wasn’t as stellar. With this in mind, the Swedish government needs to act swiftly and offer a viable solution for all. Instead of the approach that Finland took, Sweden decided to further open up the market and began offering Swedish gambling licenses, allowing many online casinos and bookmakers to set up houses in Sweden. Was it a better move than their neighbors Finland? Most certainly, many new brands are starting to set up shop in Sweden, enjoying a Swedish gambling license that facilitates the gameplay of all Swedish players joining the gambling sites.
In terms of bonuses, Swedish players are allowed to walk away with bonuses when playing at a Swedish licensed online casino, however, certain terms and conditions apply.
If you want to open an online casino, the United Kingdom Gambling Commission Gambling License is one such license you need. This license is one of the strictest, and any online bookmaker who does not comply with the rules and regulations imposed by the UKGC will be subject to heavy fines. It is also known that the UKGC may revoke the gambling license at any time if the Governing Body feels that the casino is not treating customers fairly or complying with the regulations imposed.
The UKGC is also a strong body and is close to the government in the United Kingdom. After extensive research and consultation with GamStop and GamBan, the UKGC decided to join the crusade to combat problematic gambling. Only in 2020, the UKGC instructed all of its online casinos and bookmakers that going forward, they would not be allowed to accept credit card payment methods to fund player gameplay. Harsh? Maybe, but the UK is one of the countries with the highest number of gambling addictions, and regulations need to be implemented and done faster.
The word monopoly is something that often comes up when we talk and talk about online gaming. Back in 2017, Norwegians could use any new bookmaker to settle the gambling itch. Unfortunately, after that, the Norwegian government introduced a law that paved the way for Norsk Tipping to be the only gambling site operating out of Norway.
To make matters worse, the Norwegian government ordered that banks not accept any transactions at offshore casinos and sports betting sites of any kind. The good news is that if Norwegians use an e-wallet, their credit card details will be converted, so gambling can still go ahead. For a number of reasons, online casinos do not contain any gambling-related information relating to the casino, so this would make it difficult for the bank to settle gambling payments. The other good news is that there is now a law that prohibits Norwegian players from joining any offshore gambling sites, therefore opening the door for Norwegians to bet and play where they see fit, and to have fun. keep.
The future of gambling in Europe
There are many other countries in Europe that are always looking for ways and means to operate a secure online casino. With gamblers being the main focus, the future of gambling Europe looks more regulated, and more gambling sites are looking to set up homes in gambling paradise Malta, where the Malta Gambling Commission is not considered as strict as their counterparts. Additionally, the UKGC has asked all football teams in the United Kingdom to stop accepting endorsements from the big gambling giants, and that too is banned. We expect more rules and policies that online casinos will need to follow if they want to retain that United Kingdom Gambling Commission gambling license.
In the meantime, we always suggest that you check out our review of the next online gambling site you catch your eye on. Making sure the site is licensed and regulated is a must, and so is the good feedback you get from other gamblers who visit the gambling site.
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