There is a need to introduce new laws as more people gamble online in the United Kingdom. These regulations apply to punters and gambling sites operators. Most of the laws and restrictions are meant to protect the interest of gamblers. These rules also help the government in the areas of taxes as they ensure that the gambling sites do not default in the payment of tax.
There is an increase in the number of online casinos in the UK. These casino sites are subject to the rules and regulations of the United Kingdom Gambling Commission. All gaming destinations operating legally in the UK must follow the rules and regulations of this gambling authority. Due to its strict rules, many players in the country are looking to register at non UK casinos.
UK-licensed casino sites are registered with Gamstop, a self-exclusion program based in the United Kingdom. It is designed to help addicted punters stay off gambling for a specified time. However, players can circumvent this scheme by registering at casinos not on Gamstop. These gambling sites accept players from the UK and other countries.
The United Kingdom Gambling Commission
The UKGC is the commission responsible for regulating gambling activities in the United Kingdom. It was created in 2005; it is saddled with the duties of regulating the National lottery in addition to commercial gambling.
The body protects players from rogue operators fond of withholding players’ funds. Also, it makes sure that online gambling is transparent. Therefore, it is recommended for UK players to join only casino sites with UKGC licenses.
The Legality of Online Casinos in the United Kingdom
The first significant gambling act in the UK was formed in 2015. It was designed to regulate all forms of gambling activities in the country. The primary aim of this legislation, which birthed the United Kingdom Gambling Commission, was to create an environment that will promote safe and fair gambling by protecting the vulnerable and underage while ensuring best advertising practices.
The legal age for gaming clients at most gambling sites is eighteen. Registered players who are not up to this age will forfeit their winnings and have their accounts suspended. A procedure is known as KYC (Know Your Customer) is put in place to know the age and location of players.
What Are the New Restrictions for UK Casino Sites?
The gambling industry in the UK has grown tremendously since 2005; therefore, there is a need for new laws and restrictions. This new restriction is necessary to curb the activities of rogue operators to protect young and vulnerable individuals, among others. The new law, which was expected to be formed in 2020, dragged on 2022. This delay is due to the COVID 19 pandemic. The new regulations will be formed soon, and it is likely to cut across different aspects of online gambling, including VIP Schemes, Loyalty Points, Self-Exclusion, Online Stake Limits, Online Game Timings, and hosts of others.
Conclusion
UK punters are eagerly waiting to see how the new act will shape online gambling in the United Kingdom. The wait will soon be over as the new restrictions are expected to be formed early in 2022.