The online gaming platforms have undergone extensive changes in the past years. Technological innovations and other developments have transformed online casino gaming from what it once was.
Before diving into the gambling requirements issued by state regulators, it is crucial to understand why many casinos require regulation. For example, may casinos must combat scams, gambling addiction, money laundering cases, underage gambling, and other pressing issues. This means that some form of governance must regulate the online casino world.
The European Gaming and Betting Association (EGBA) formed to regulate the casino industry in Europe. The regulatory body’s main objective is to keep the iGaming sector in Europe sustainable. It aims to ensure the sector is safe and well-regulated for players across the countries it covers. Based in Brussels, Belgium, EGBA has worked to shape gambling regulations in the continent.
Casinos associated with the EGBA adhere to a high set of standards. They comply with numerous licensing guidelines already established in European nations. For example, European industry standards incorporate responsible remote gambling measures and aim to achieve some of the points. These requirements include prevention of underage gambling through methods such as age verification. They also involve providing accurate and prompt payments to customers and ensuring the safety of vulnerable gamers. Casinos must promote fair and responsible gaming and maintain a safe, secure, and reliable operating environment. Additional responsibilities include providing excellent customer support and satisfaction and engaging in truthful and responsible marketing on online casino platforms. Lastly, ensuring a safe, secure, and transparent operating environment is a crucial aspect of these standards.
This has led to many European Union countries establishing operating license systems. These systems cater to one or more operators to provide services on the market. EU law does not favor any system over another.
It is clear that the ever-evolving landscape of online gaming platforms will drive countries to create new laws and regulations. They will then need to adhere to these regulations. Technological innovations and advancements will likely play a very important role in shaping these requirements.
