gambling commission

It's well known that online gambling has been regulated differently across the globe, but the cultural differences are not the only aspects responsible for this.

While some countries fully accept all regulations, others ban them completely, and many fall somewhere in between. Let's look at how different places deal with online casinos.

UK Sets the Standard

Online gambling has gained tremendous popularity in the UK over the years due to its convenience and easy accessibility. It has become a favourite pastime for countless people in the country.

Gambling is a complex activity with definite risks, and a gambler's ability to hold their betting habits under control is crucial for the security of their finances, jobs, and even family relationships. The GamStop initiative was introduced in 2018 as a self-exclusion solution for players who face problems with uncontrollable gambling behaviour.

The advent of blockchain and cryptocurrencies has taken the entertainment industry to a whole new level. These digital currencies have enabled the gaming world to reach more players worldwide by simplifying transactions between companies and gamers.

The UK gambling scene saw huge growth over the last decade as new technologies and faster internet speeds brought gambling into the comfort of homes and mobile devices across the land. For most users, gambling is a harmless distraction and one of many outlets for discretionary income spending, but for others it can be damaging.

Gambling is popular in the UK and across the world. Land-based casinos have existed for several decades and are the predicate for modern online websites. In the UK, gambling activity is under the regulation of the UK Gambling Commission (UKGC), which sets various requirements and standards all licensed platforms must comply with to retain their license.

The past year was a turning point for many verticals, and the gambling industry has been seriously affected by the Corona crisis. This applies in full to brick-and-mortar casinos as their halls remained empty for quite a while. 

Since the UK Gambling Commission's regulation required online gambling operators to encourage and permit their customers to use GamStop, this scheme has gained popularity in the gambling industry. In fact, from March 31st, 2020 the commission obliged all the licence holders to persuade their customers who want to remove the temptation to gamble to register at GamStop.

 Vasil Bozhkov's gambling business could rise from the ashes after his companies won a series of lawsuits against the now-closed State Gambling Commission and began to get their licenses revoked. This shows a Mediapool investigation into the cases brought by the authorities against his gambling business.

Two more charges have been pressed against the embattled gambling mogul Vasil Bozhkov. The spokesperson of the Prosecutor General, Siika Mileva, told a news briefing on Thursday that he has also been charged with trading in influence and unlawful possession of cultural valuables.