Why Government Regulation of Gambling Often Fails
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Every nation regulates the retail and online gambling industry. Regulators are charged with monitoring the activities of gambling providers and protecting vulnerable parties like children and problem gamblers.
Government regulation of the gambling industry often fails.
GamStop is a self-exclusion program that allows problem gamblers to seek help from UK online gambling sites. For the most part, the program works. Regulators often fail in the regulation of gambling in their respective counties.
Gamblers can beat the GamStop scheme by using a non-casino website. Gamblers are able to take their gambling activities to other jurisdictions. The government regulation of gambling often fails. It's difficult to stop motivated gamblers. The program works but has limitations. There are ways to avoid the program. They include using non casinos and cryptocurrency gambling sites.
Regulators often fail to go far enough to make gambling regulations that protect citizens. Regulators have low fines and lack of resources to monitor retail and online gambling activities. UKGC has not made GamStop membership mandatory for UK online betting operators.
Regulators are taking a serious look at the online gambling industry. UKGC is on the verge of making GamStop membership mandatory for getting an online betting license. They have also taken steps to prohibit the use of debit/credit cards to fund gambling accounts.
