For better or for worse the gambling world has had a long and winding history with legal framework and disputes with global authorities, however for a very long time people could only gamble in the shadows, owing to their being a flat out ban in law. In fact, the first time that a state regulated casino would be built was in the 1700s, after a few thousands years of human gambling without anywhere officially state regulated to gamble.
That is pretty crazy to think about, is it not? These days gambling is so heavily regulated by the authorities that you can’t really imagine it any other way, however, it didn’t always work like this at all. By and large gambling regulations including payment processing are a good thing, even if they hamper online casino companies in their efforts sometimes. With online casino regulatory bodies we can all feel safe when gambling online, it truly is priceless! Read on for a selection of online casino regulatory bodies
UK Gambling Commission
The UK Gambling Commission is definitely one of the most famous of all the global online casino regulatory bodies, and has been setting the standard in online gambling regulation for the past decade and a half. The UK Gambling Commission was born out of the passing of The Gambling Act 2005, one of the first bits of legislation anywhere in the world to set out a set of clear rules on how the online gambling industry had to act.
Since its inception the UK Gambling Commission has successfully provided a space for the online casino industry to flourish, trading things like advertising potential with regulations such as maximum bet amounts and the necessary disclosure of online slot RTP. Because of the UK Gambling Commission, therefore, the online casino has grown massively, whilst keeping its customers as safe as possible in the process.
Malta Gambling Authority
The Malta Gambling Authority is also a pretty famous example of an online casino regulatory body, and it has thousands of online casino platforms and developers licenced under its wing. For one reason or another the Mediterranean island of Malta has staked a claim as a trustworthy gambling site, and this is why the Malta Gaming Authority was born to oversee online casino gambling on the island and throughout the rest of the world.
One of the best things about the Malta Gaming Authority is that they offer four different types of licences with slightly different rules, depending on the type of gambling that a company is offering. For example, the choices run from remote gaming and remote betting through to abet remote gaming and remote gaming operators.
New Jersey Division of Gaming Enforcement
America has historically had a tough relationship with gambling, with it still only really being legal in a few places in regard to brick and mortar gambling. Online casino is still a fairly small market in the US due to legal constraints, however the New Jersey Division of Gaming Entertainment is somewhere that online casino companies can obtain a licence.