As the whole world is recuperating from the global COVID-19 pandemic, the gambling industry and its legal sector, in particular, are facing a new era, that calls for a change. As of recently, games of chance became insanely popular.
At the same time, the threats of problem gambling, increasing numbers of underage players, and hazards of unregulated markets continue to emerge. Considering this, a need for stricter marketing regulations as well as the legalization of the markets is inevitable.
More and more countries launch new legislation as well as enhance gambling regulations, the global news in the gambling industry reports.
Login Casino closely monitors the latest shifts in the legal sector of the gambling industry and has selected several gambling markets that are going to face the most prominent changes. These regions include:
the United Kingdom;
the Kingdom of the Netherlands;
In this article, you will find out the details about the new legislation, implemented in the gambling markets.
Top-3 updates to the state act by the UK Gambling Commission
The British gambling industry has been a heavily regulated market since the creation of the UK Gambling Commission in 2007. However, the new challenges of problem gambling and illegal markets have emerged in recent years. It is for that reason that the UK gambling regulator decided to review its Gambling Act, imposing stricter regulations on the operators as well as the players.
The UKGC was planning on publishing reviewed Gambling Act in the autumn of the previous year but had to postpone the document’s launch to July 1st, 2021. The act is going to outline new gambling terms for the UK’s market.
Various details have already been disclosed to the public, for instance:
The Gambling Commission has outlawed the four most popular features of the slot game, including:
generation of sound or imagery that creates an illusion of victory;
autospin, which hastens the speed of the game;
more than a 2.5-second slot spin.
UKGC has also imposed a ban on reverse withdrawals, so the users won’t be able to reuse the money.
British operators must present to the players a total amount of their profits or losses, as well as inform them of time spent on gambling.
These measures will come into effect by the end of October 2021.