Gambling
The UKGC: law, regulation and responsible online gambling
The UKGC (UK Gambling Commission) is one of those regulatory bodies that gets criticised from all sides of the political divide. Depending on who you ask, it’s either not doing enough, or it’s doing too much. But over the last few years, the UKGC has become much more active in regulating online gambling, particularly the […]
Cryptocurrency, gambling regulation and the law: the greyest grey area?
Back in October of last year, the FCA (Financial Conduct Authority) banned the sale of crypto-derivatives to retail customers. A financial derivative is a contract between two parties with value derived from the value of an underlying entity. In plainer English, a derivative is a bet that an asset will rise – or fall – […]
How will the 2021 update of the Gambling Act affect online players?
The global online iGaming market is expected to reach $127.3 billion by 2027, showing a year on year growth rate of 11.5%. This growth has been fueled by technological advancements that have made online gaming offerings like Virgin Games, much more accessible and more appealing to a wider audience that never would have previously considered […]
Evolution of UK gambling laws and their history
Gambling in the UK before 1960 was largely heavily restricted. This is because of the systematic amendments that were put in place after King Henry VIII’s ban in 1506. Following his daughter Elizabeth’s coronation in 1569, the first state lottery took place with £5,000 as the jackpot. Following several amendments, an Act of Parliament came […]
UK Gambling Act to be revised in 2021
As we roll into 2021 it is under extraordinary circumstances as Covid19 continues having a profound effect on all aspects of our lives, changing the way we work, socialise, learn and source our entertainment. Just like any other part of the economy, the gambling industry is feeling the consequences of Lockdown which are sure to […]
How are UK online bingo sites regulated?
When it comes to online bingo, many people do not realise how much is involved from the operator side before they are allowed to start using their site and playing the various games. This is because bingo sites and gambling sites as a whole should be licensed before they can start offering their services to […]
The regulations that make the UK gambling industry safe
The UK may have been a late bloomer in terms of legalising gambling compared to other European countries. But after the emergence of the first casino in the 60s, The Gaming Act of 1968 has set the rules of gambling, allowing more casinos to form in the UK, and from it, the UK gambling industry […]
New gaming regulations – a few considerations
For as long as we can remember, mankind has been entertaining himself in his free time in a whole variety of different ways. Fairly recently, however, how we spent our free time changed dramatically thanks to the invention of games consoles. Ever since the days of Pong, Frogger, Space Invaders, and other classics, we’ve found […]
Lawmakers push for new online gaming regulations to protect children
One non-department public body in the UK is pushing for stricter rules surrounding video games and their relation to gambling. According to the Children’s Commissioner for England, tighter laws will protect children from spending too much money through online games, with an emphasis on loot boxes. In a report titled Gaming the System, researchers delved […]
Gambling regulations in the UK and Sweden
The gambling industry generated a gross yield of 115 billion dollar back in 2016 – this figure has steadily increased, urging many national governments to take a closer look at operations within this industry. Many national governments today still own or operate a variety of gambling operations. In the European Union, legislations and laws vary […]
