Regulatory Differences Between Various Markets
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Online gambling came into existence in 1996. In 2023, the global gaming market should start pulling in annual revenues of close to $93 billion. Many people have expressed worries about gambling addiction rates. This investigation follows into the regulatory differences between markets that regulate games of chance differently and those that partake in this hobby.
The UK and Sweden are the most established gambling markets in Europe. The UK's gaming regulatory body, the UKGC, has implemented a mandatory self-exclusion scheme called GamStop. Sweden's Spelinspektionen follows in the footsteps of the British Gaming Authority. The Swedish Gaming Agency has a nationwide self,excluded scheme. It also has the same rules as the USGC.
Regulations in Europe are tightening. Germany and the Netherlands are trying to become highly-regulated markets. Sweden and UK are doing the same thing. The regulations differ between various markets and regions. For example, in Germany, for years only the state of Schleswig-Holstein could regulate internet betting. Now, thanks to 2021 Interstate Treaty on Gambling, Saxony-Anhalt created a new regulator.
Loosley Regulated Markets are Malta and Curacao. They regulate/licence companies based within their borders but allow them to accept users from all corners of the globe. Non GamStop casinos offer more liberating gameplay, offer better bonuses, have perk-rich loyalty schemes and have higher max wager limits.
Unlicensed casinos operate without the added credibility that a casino license provides. They offer various features that licensed platforms cannot. Most online casino scams occur at unlicensed sites. Registered users have no recourse in a case of a dispute at such platforms. Unlicensed platforms offer virtually no responsible gambling measures.
In a perfect world, a non GamStop casino with a nationwide self-exclusion system like those available in the UK, Sweden, Germany and the Netherlands seems to be the ideal combo. Gamstops promote responsible gambling and accept that all adults should get accountable for their actions.
