{"id":18305,"date":"2020-05-26T03:45:21","date_gmt":"2020-05-25T22:15:21","guid":{"rendered":"https:\/\/telegraphstar.com\/?p=18305"},"modified":"2021-05-19T03:50:14","modified_gmt":"2021-05-18T22:20:14","slug":"how-online-casino-regulations-work","status":"publish","type":"post","link":"https:\/\/telegraphstar.com\/how-online-casino-regulations-work\/","title":{"rendered":"How online casino regulations work"},"content":{"rendered":"

In many countries around the world, the online casino industry is thriving. India is no exception as the market over here is booming. This online casino boom is happening in India despite restrictions from the government. However, a lack of enforcement and loopholes in the law makes it possible for foreign companies to offer services to Indian customers online.<\/span><\/p>\n

On top of that, there is no stopping an Indian person to sign up and start playing with an online casino. This makes India a non-regulated market, often called a grey market. Compared to the UK for example, a regulated market, it’s a country that allows online casinos to operate and they also issue the UK Gambling Commission (UKGC) license to operators active in the UK.\u00a0<\/span><\/p>\n

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Online Casino Regulations<\/strong><\/h2>\n

The two biggest motivators for countries to regulate online casinos are monetary reasons and protecting consumers. The government is able to track the business activity along with its financial statements and effectively collect taxes. Online casino is one of the most profitable areas of business, as such, it can bring large amounts of money to the government in the form of tax revenues.<\/span><\/p>\n

The other reason is risk factors around people getting in trouble because they gamble too much, where there’s a danger that online casinos become a root for social problems. With regulations in place the government can better trace and enforce that all online casinos abide by responsible gaming guidelines and look out for the safety and well-being of the customers in the casino.<\/span><\/p>\n

This doesn’t mean that online casinos operating in non-regulated markets such as India are illegitimate sites to play in. There are plenty of countries and regulating authorities in the world that issue remote gambling licenses which allow companies to offer their casino services online in countries like India. These casinos are perfectly legitimate and the countries issuing the licenses are responsible to ensure that the online casinos follow all the rules and guidelines outlined in the license requirements.<\/span><\/p>\n

Licensing Countries<\/strong><\/h2>\n

On the list of countries that issue licenses to the online casinos, businesses are the United Kingdom, Isle of Man, Alderney, Malta, Curacao, Gibraltar, Antigua and Barbuda, and Costa Rica. In all the different licenses you will find important aspects around the safety of individuals, security around <\/span>personal information and data protection<\/span><\/a>, and of course measures to counteract illegal activities. Another thing these licenses have in common is that the online casino company needs to pay a large fee when applying and receiving the license to operate. Here is a shortlist of some of the commonly shared aspects between different licenses:<\/span><\/p>\n