Who Controls Gambling In The UK?
The UK gambling market is one of the strictest worldwide. The recipe is simple: strong legislation and a competent gambling authority. Read on to find out more!
- Why was the 2004 Gambling Act a must?
- The UK Gambling Commission and how it operates
- The future of gambling in the UK
- Ideas to reflect upon
Why was the 2004 Gambling Act a must?
Enforced in September 2007, the act aimed to improve and develop more complex regulations.
In 2005, land-based casinos were already famous and established. The industry needed a law to ensure that every aspect of gambling was legalised.
The Gambling Act of 2005 had three primary objectives:
- Ensure that no gambling activities are associated with crime
- Enhance justice and fairness in the gaming environment
- Protect the youth and other vulnerable people from getting any negative impacts from this activity
That was the starting point. After 2005, the industry started to develop, and the law introduced online casinos and sports betting websites. However, online casinos had not been foreseen or projected during the inception and development of the Gambling Acts.
These laws need to be revised to accommodate online gaming platforms.
2014: the first adjustments
In 2014, another Gambling Act was introduced and majorly covered licensing and advertising.
Before this act, top online casinos and operators outside Great Britain could legally advertise to UK gamblers as long as they were in the EEA in the specified jurisdictions.
The Gambling Act of 2014 brought more restrictions and rules to licensing and advertising.
What were the main conditions of the 2014 Gambling Act?
- For any provider to operate or advertise their services in the UK, they had to hold a UK Gambling Commission licence
- UK gamblers were charged with a gambling duty of 15% gross profits
2018: new measures for casino operators
After a series of consultations with the industry stakeholders, it was decided that it was time for new additions to the law.
In this new act, the UK Gambling Commission created more requirements for online casinos:
- All casinos were required to equip their website with better tools and software to monitor their gambling practices
- Gambling sites must allow players quick access to their accounts
- Display the players’ gambling and transactional histories for specific periods
- Online casinos must ensure players can see their net deposits and earnings
- Players should be able to impose limits on their spending to avoid overindulgence in gambling activities
In addition to these, casinos must ensure responsible gambling tools. They refer to ways of controlling one’s gambling activity.
A gambling site must fulfil these requirements before operating under the UKGC.
The UK Gambling Commission and how it operates
The Act of 2005 fostered the UK Gambling Commission’s formation, a public board sponsored by the British Government and the Department for Digital, Culture, Media and Sports.
It replaced the Gaming Board for Great Britain, which had been established in 1968.
Why was it founded?
The UKGC was created to oversee that all the gambling activities in the country were legal. It was also to supervise online and land-based gambling sites.
By this time, the lottery was also legally considered gambling activity and hence included in the list. Hence, UKGC also regulates the National Lottery.
Today, the Commission holds a high power and mandate to verify that all gambling providers comply with the requirements and codes stated in the Gambling Act.
The body also investigates whether offences have been committed and to what extent. Afterwards, it pursues legal action against the irregularities.
They can also grant, refuse and revoke the licence.
After further assessments, the UK Commission was found to be one of the strictest in the industry. It is one of the most reputable and trusted gambling regulators.
The future of gambling in the UK
As one of the biggest markets in Britain, gambling recorded many profits over the years. In 2018, the profit of this industry grew from £8.4 billion to £14.4 billion.
In less than a decade, the numbers had doubled, which means that vast deals of people gamble in the UK.
The industry also happens to be one of Britain’s largest employers, employing over 100,000 people directly and indirectly.
Nowadays, you can comfortably gamble on the move. Even better, there is a lot of optimism about the future of gambling in the UK, just like in other parts of the world.
The debate on whether or not the stock market gambling may also impact how the betting industry will develop shortly.
What trends will remain in the gambling industry?
As the casino industry is predicted to exceed £149 billion by 2030, there are no wonder players have to be more careful as to the casino operators they choose.
Even though the online casino market is bound to develop, some trends will remain consistent.
Mobile casino games are among the most important trends that will maintain a constant position.
As many gamblers prefer wagering on the go, the number of online casinos that will transition their website to a more mobile-friendly version will increase.
Also, mobile casino apps are likely to be launched more frequently.
The future of crypto casinos
Another trend includes crypto casinos, where you can wager cryptocurrencies directly from your electronic wallet.
This feature has been constantly implemented in the online gambling industry, and we expect in the future that crypto payments will become as common as any other online payment method.
Does UK gambling have an influence worldwide?
The UK has dramatically impacted the world’s gambling industry as it houses the most reputable gambling regulatory authority, the UKGC.
Most gamblers trust the body as it has the best policies for bettors and roots for the best conditions for gamblers worldwide.
Ideas to reflect upon
Technology have positively influenced the gambling industry and will continue to do so in future. Today, you can already witness the increase of crypto and blockchain gambling sites.
As such, wagering is expected to get safer and even more accessible.
Other features incorporated into the gambling scene include Augmented Reality and Virtual Reality wagering to make your experience more enjoyable in the future.