The purpose of casino legislation is clear; to regulate the industry and ensure that players are kept safe and casinos themselves are kept free from crime. However, have you ever wondered exactly how gambling legislation is designed, and what goes into making sure that it covers every possible facet of the market? Here are the key areas that all gambling laws need to cover in order to ensure well-rounded and airtight legislature.
Gambling can generally be divided into two main categories; public and private. Public gaming includes options like sports wagering, lotteries, charitable bingo games, charity pool betting and others, while private gaming covers traditional casino wagering, be it land-based or online. In order to properly regulate real money betting, a country and its national regulators need to decide how each category will be managed, and which regulator or industry watchdog will be given this task.
While both categories tend to be managed through the use of random number generation, public gambling will obviously be monitored differently than forms of private punting. The advertising, anti money-laundering and taxation laws for these two subtypes will also need to differ in order to ensure that they are regulated properly and fairly.
#2: Licensing and Regulation
In most countries, casino operators need to obtain special licenses from local regulators in order to offer their services to local players. The provision of these licenses will vary from country to country, but generally speaking, land-based casino operators will need different licenses than online iGaming website operators and so on.
Either way, legislation must cover the specific licenses needed by different types of operators, the costs of these licenses, the conditions under which they may be granted, and the violations for which they may be revoked. Without a proper framework regarding licenses, countries and their players can fall prey to unscrupulous black market operators, who can divert income away from the regulated market and leave innocent players in jeopardy.
#3: Safety and Security
No matter whether you are playing at a land-based establishment or an online casino rated by onlinecasinophilippines.ph, it is your operator’s responsibility by law to keep you safe. Gambling legislature covers a wide range of topics pertaining to safety and security, from how deposits and withdrawals should be handled to how RNG systems should be tested and more.
Online sites are particularly well guarded due to the rising incidence of cyber-crime and fraud, and there are many laws in place to ensure that you and your details are kept safe. Of course, the laws are also intended to keep operators from being victimized by criminals as well. Identity verification, secure deposit channels, encryption and TSL testing are all products of intelligently designed gambling legislation.
#4: Responsibility and Self-Exclusion
Any good casino legislation will take into effect the fact that a percentage of players in any given country will suffer from gambling addiction at some point. Regulators and governments are tasked with designing and implementing programs and registries that allow players to self-exclude themselves from wagering-related offerings if they deem it necessary.
Furthermore, most casinos and iGaming sites are also required by law to spot signs of problem punting in their players and contact them with offers of assistance if need be!