Why gambling legislation is good!
Some countries make gambling forbidden, some legalise it. What is the right approach to online gambling? One could say there are three ways of relating to online gambling as a gambling authority.
- Make online gambling forbidden and leave gamblers to illegal operators
- Let it be a grey market where abroad online casino facilities are legal to use
- Legalise and regulate the market to be able to set the rules that can more realitically limit the harm of gambling.
The site BestBonus posted a couple of interesting pros why New Zealand should regulate the market for gambling and betting.
”It seems to exist a standpoint where there are a kind of nobility in not legalising gambling, and that it’s a way to protect people from being addicted. Since some people want and will be gambling online regardless of the legality of it, the best way to protect people from fraudulent operators and unsound gambling habits is likely to regulate a market. Markets where gambling are totally forbidden the law pushes gamblers into illegal operators violence.”
Benefits of regulation
- Less gamblers that suffers from addiction
- Tax income from the licensed operators
- Increased control over money laundering through online casinos
- Less advertising from online casinos and betting houses
Keys and tools
- Digital identification
- Self exclusion on national level
- Only one welcome bonus per operator license
- Play pause option
- Player budgets with maximum loss
- No advertising that appeal to underaged
- No advertising presenting gambling as a way to get rich.
- Limited direct marketing
Sweden has been a success
”Sweden got regulated the 1st of January 2019 after a long period of being a market without regulations. In many ways the market worked very much like New Zealand does today. By the 1st of april 2019 over 30 000 people had self excluded them from casinos with the Swedish License.”
Read the full article!