UK Gambling Commission: Before 2014 in the UK it was not a requirement for casinos to be regulated, these were optional decisions taken by the casino.
Such implications meant that players did not have a leg to stand on in terms of gambling protection. With the player in mind, the UK Gambling Commission was established. All UK based casinos now require this license in order to be legally operational. This license aims to remove criminality from the gaming environment and also protect its vulnerable users.
This includes also minors and vulnerable adults. Achieving such a goal requires that a casino is also transparent therefore removing the element of possible criminality.
Below is a list of rules any interested body must consider before attaining a UK Gambling Commission license:
Also, to closed loop policies related to withdrawals. For example, if a player deposits 100 euros from their credit card and wins 200 euros. The player has to be able to withdraw at least 100 euro back to that card before taking the money out in other forms such as e-wallet and other card options.
This process involves the collection of the following information: Name, Date of Birth, Address and also the KYC Verification Process. This is to ensure the player is of the legal age of 18 and above.
The objective is also to prevent children under the legal age from being exposed to gambling. Also, to prevent known criminals from taking advantage of gambling services and protect struggling gamblers that have already admitted to having a problem.
Most noteworthy, the UK Gambling Commission takes the responsible hand of ensuring casinos also have the mandatory procedures and policies to protect problem and vulnerable gamblers from being exploited.
Such procedures may include setting limits on the account of the player. They can also give players the choice of permanently closing their account without the chance of reopening. Overall