You probably won't be surprised by the fact that gambling is extremely popular in Great Britain, considering it's absolutely tax-free and you can bet on virtually anything. Besides, UK players are protected by a regulatory body that oversees gambling activities and makes sure that UK gaming establishments are operating in a transparent and fair way. This seems to be just another advantage of being a UK gambler. Let's dive a bit deeper into the British gambling regulatory system. IS GAMBLING ILLEGAL IN THE UK? No, it isn't. Although, the concept of gambling regulation is still relatively new.
The Gambling Act of 2005 made it legal for all UK residents to bet on everything, from casino games (online and in-person) to sports. The act is designed to do a few things:
The law also stated the need to create a regulatory body that will oversee gambling regulations and activities in the UK. The main goal was to make sure casinos (both online and land-based) are meeting the goals listed above. The initial Gambling Act of 2005 has since been amended. Starting from 2014, all operators that advertise gambling services to UK residents or are transacting with UK-based customers must have a licence from the UK’s regulatory body. Operators serving UK residents must also pay a duty on transactions. Continue reading
0 Comments
Leave a Reply. |
AuthorContent marketer, online gambling enthusiast, sports fan. Archives
April 2021
Categories |