The world of online gambling is growing bigger with every passing day. For an industry that was once inferior to its land-based counterparts, it’s now the market leader with a valuation of tens of billions of dollars. However, as the sector grows, the rules and legislation have changed to ensure there are fewer loopholes. Even more confusingly, the regulations you follow depend on your location.
It’s not surprising that many players don’t understand the latest rules considering they are pretty complicated. Thankfully, we’re here to help because we believe technology should be accessible for all. With that in mind, here is the most up-to-date legislation for the industry’s main players.
The United Kingdom is one of the least conservative nations concerning gambling. Betting on the outcome of events has been legal since the introduction of the Betting and Gaming Act in 1960. The act was updated in 2005. As the remote sector expanded, the number of platforms increased, providing users with a greater level of choice. And, it’s still happening, with highly popular websites such as bosscasino.com being established as recently as 2016.
Still, there are rules in the pipeline to make online casino games less intensive and safer. For instance, there will be a limit on spin speeds and a ban on features that celebrate losses as wins. Displays of total losses must also be highlighted. These rules are due to be implemented by the end of October 2021. However, they don’t affect players too much because the responsibility is solely that of the gambling provider.
This is where things get complicated. Famously, gambling has been illegal in the United States, except for a couple of places, such as Las Vegas in Nevada and Atlantic City in New Jersey. The tide is changing, particularly as more states recognize the financial implications of online wagering. After all, it’s a multi-billion-dollar industry.
Still, The Unlawful Internet Gambling Enforcement Act of 2006 makes it illegal to operate an online gambling website in the US. It also makes it illegal for anyone to play. But the act doesn’t apply to offshore sites, since there is no federal law against placing a bet online, as long as the website isn’t in America. Therefore, this technicality makes online wagering legal. Of course, this depends on the extra state legislation in your local area. If there isn’t any, you won’t break any laws by gambling remotely.
India is a lot like the US in the fact that there are several gray areas. Overall, gambling is prohibited in most of the country, yet the law doesn’t relate to online wagering. Again, this makes it technically okay for Indians to place bets with offshore companies that aren’t Indian-based.
Many sports have benefited from this loophole, including the likes of soccer. However, it’s cricket and the Indian Premier League (IPL) which sees more Indians place bets with external bookmakers than ever before. Some even use third-parties, or brokers, to find the action and the best value for money.
The latest rules for online gambling are always changing, depending on your location. It’s worth remembering that online casinos and bookmakers are usually the best options if you want to place a wager. This is because they are often technically legal, even in areas where gambling is typically illegal.
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