Latest UK Gambling Regulations & 2019 Predictions
January 09, 2019 3:01 AM
by David Cash
In the UK, there are strict laws that surround any type of gambling. This is why many online casinos as well as land-based casinos and betting sites require a license from the UK Gambling Commission in order to operate legally. Of course, obtaining one of these licenses is not as easy as it sounds as there are strict regulations and regular check ups to ensure that everything is going the way it should be. Here, we are going to talk you through the latest UK gambling regulations and our predictions for 2019. Keep reading to find out more.
Who Regulates Gambling In The UK?
The body that regulates gambling in the UK is known as the UK Gambling Commission. These are the people who have the power to both give out licenses to those who deserve it as well as punish those who break the rules and regulations. There are a lot of fines that can be imposed for those who don’t stick to the rules and the UK Gambling Commission need to be taken seriously.
If you find yourself dabbling in online casino games from time to time, you will find that your casino of choice will have details on their gambling license that they were awarded by the UK Gambling Commission. Of course, if you can’t find these details on your favourite site, make sure to double check that they have a license otherwise you could be putting your details and your winnings at risk!
Over time, gambling addiction in the UK has become much more of a problem which has caused some concern in the government. In order to tackle gambling addictions, the UK government have recently decided to impose some new laws and restrictions on gambling which has affected the way in which online casinos and land-based casinos operate.
One of the most recent regulation movements to come about is the new fixed-odds betting rules. The previous laws meant that players could bet £100 per 20 seconds on an online casino which could cause a lot of problems if they weren’t lucky enough to win! Some argue that it is the fault of the gambler if they can’t afford to lose their money – however gambling addictions are serious problems and the government felt the need to step in.
The new rules set to come into practice soon mean that players can only bet £2 per 20 seconds. This is a huge change and one that has disappointed both players and casino operators out there. Of course, this is not the end to tighter gambling regulations in the UK as there are a few more campaigns to make them even stricter in 2019.
Remote Gaming Duty
So, what is next for online gambling regulations? Well, recently the government also announced that they plan on increasing the Remote Gaming Duty that they currently have in place from 15% to 21%. This is quite a large increase, but it is one which has been considered carefully before it was announced by chancellor Philip Hammond.
This increase in tax is set to hit big operators hard as well as small operators like Lucky Admiral. The government has interestingly said that they are hoping that this will help to fund the loss that operators might have experienced from the fixed betting odds regulations we previously discussed.
Despite the tight regulations that the UK Gambling Commission imposes, you might be surprised to know that they are still relatively lax in relation to other countries around the world. Of course, in 2019, we do predict that the regulations might get even tighter as the tax increase comes into play.
Other predictions for the state of UK gambling regulations include more fines in relation to advertising and how gambling is portrayed to views on TV for example. There already has been some discussion about the impact of advertising on potential gambling addicts and so it is clear that the government will aim to reduce these effects.
Gambling is a fun hobby for many and for others it is a lifestyle – which means that regulations and stricter rules can seem disheartening at first. It is important to remember that these regulations imposed by the UK Gambling Commission are there to help prevent gambling addictions from growing and they will help you in turn.
If you are ever playing on an online casino or at a land-based betting site, make sure that you check their license and that they are regulated. Playing at an unregulated site could cause problems in the future and it might put you at risk of losing your winnings if the site were to be shut down. Keep up to date with the new regulations and watch how our predictions pan out in 2019.
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