Gambling regulations 101: Europe and the UK.
Complying with gambling regulations is an essential first step in launching a gambling platform. Like any industry, gambling has experienced an extraordinary digital transformation in recent years.
Whereas just a decade ago, almost all gambling took place in brick and mortar betting shops, casinos and racetracks, now most gambling activity takes place online.
In fact, it is estimated that the UK industry makes more than 40% of its £14 billion annual revenue from online gambling. While this is beneficial to both operators and players, it has also brought with it a whole new wave of problems.
Between fraud, underage gambling, and high-risk ease of access, online gambling poses the highest risk for players and operators, which means regulations and strict usage guidelines are incredibly important. As gambling regulations are regularly updated and changed, staying compliant can be a challenge.
In order to stay compliant with European and UK gaming regulations, gaming operators must be aware of the most important rules and guidelines.
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Whereas just a decade ago, almost all gambling took place in brick and mortar betting shops, casinos and racetracks, now most gambling activity takes place online.
In fact, it is estimated that the UK industry makes more than 40% of its £14 billion annual revenue from online gambling. While this is beneficial to both operators and players, it has also brought with it a whole new wave of problems.
Between fraud, underage gambling, and high-risk ease of access, online gambling poses the highest risk for players and operators, which means regulations and strict usage guidelines are incredibly important. As gambling regulations are regularly updated and changed, staying compliant can be a challenge.
In order to stay compliant with European and UK gaming regulations, gaming operators must be aware of the most important rules and guidelines.
