Great Britain is famous for its long history of gambling, which is now considered one of the most profitable global markets. A government body, the Gambling Commission, is responsible for overseeing and regulating all gambling activities in the United Kingdom. Based on the Gambling Act of 2005. UKGC at the moment has a serious authority in the gambling sphere, among European countries. Due to the adopted laws, non gamstop uk sites, are gaining wide popularity and to this day help players enjoy their favorite gambling.
The original laws of the gambling market
Information about the beginning of gambling comes from the history of ancient civilization, where they were considered a major part of British culture for a very long time – many centuries. The people who lived during the Middle Ages placed monetary bets on various sporting events, including horse racing, as well as in card and table games. The first registered law was passed back in 1190. At that time, the king decreed that only the nobility had access to bets, and a daily limit on bets was also set for them. As time went on, the gambling laws became stricter and stricter. Only in 1968 passed additional legislation, which, for the first time in history, allowed commercial casinos. That was the beginning of modern gambling laws.
Gambling Ordinance. Creation of the UKGC
The year 2005 differs from previous years in that gambling had already managed to gain momentum and become big business. Therefore it was decided, to update the laws on the basis of changes in the gambling field. The main objectives were to prevent the relationship between such games and crime, as well as to guarantee fairness and to protect people from the negative effects of casinos. Non gamstop betting sites were approved, which acted as a guarantor of a good time for any player. That made their life much easier.
Further, the British Gambling Commission, was formed by the executive public body of the British government, it was funded by the Department of Digital, Culture, Media and Sport – UKGC. This body oversees the legality of gambling activities, and their remit includes online casinos. The body issues licenses for gambling activities, also has the right to inspect providers for compliance with the law and investigate offenses.
Player Protection Rules
The commission that was created brings significant benefits to the players. Since the law was signed in 2005, it is still respected. At the same time, the UK is considered a very regulated market. It differs from the rest in that it is regulated and open. Based on the profitability of such business, as well as the expected penalties for violations, the operators of the online sphere follow the law to the fullest extent. This approach ensures the safety of players as well as their protection.
According to the 2005 law, it took into account the role of online casinos, but in 2014, the government decided on the necessary development of other rules in relation to gambling. Until then, the Internet segment outside the UK could legally conduct advertising and provide services to players in Britain, adhering to the condition in which they are listed in the EEA.
The changes granted in ’14 changed the requirements for point-of-consumption licenses. In the case when the user is in Britain, the supplier is required to have 1 or more licenses from the Commission, this measure will allow advertising. The law also provided for a tax of 15 percent in favor of the state on winnings of residents.
These requirements were introduced to provide online casino customers with perfect tools to monitor their gambling experience. They include: providing unhindered access to personal accounts, gambling and money transactions. Players have the ability to monitor their own deposits, winnings, and set spending limits. Most of the provisions were previously as guidelines for users, but now they are licensing requirements.
What awaits Britain’s gambling industry next?
The future of gambling law in Britain depends on many factors, one of the most important being who will be in power. However, the laws currently in place in the UK offer advantages for online casino operations. All the more in comparison with other countries of the European market. Although there is constant talk about the restrictions being introduced. The UK market is quite wide and varied, at the same time it is heavily regulated by law, it is worth taking into account.