We can all agree that gambling is something that is sometimes frowned upon, a taboo if you will, many believe that all forms and types of gambling lead to gambling addiction. This statement and notion is not fair . Not just on the player and not just on gambling sites. Not all games of chance lead to addictions, and with the technological advancements that online gambling has witnessed these days, many sites have built-in tools of fraud and gambling addiction, which help players to play in a safe space while allowing their game.
Needless to say, many governing bodies around the world are still doing their best and coming up with ways to regulate gambling. How to protect the player at all times, while empowering and empowering brand new bookmakers to establish a safe gaming environment for all. Therefore, today we look at how Europe aims to change gambling regulations, to ensure players are protected, as well as gambling sites. So let’s take a look at the top countries in Europe and the changes they are implementing when it comes to gambling regulations.
As for the Nordic countries, we all know they love to gamble. One of the largest gaming operators and providers NetEnt is indeed Swedish and part of the Nordic gambling sphere. When it comes to gambling in Finland, bonuses are a huge “no”, so Finnish players playing at Finland-based operators cannot land a bonus or welcome offer on gambling sites. Of course, Finns who choose to play on other non-Finnish sites will have the opportunity and option to win a bonus, with some casinos also prohibiting any form of bonus to land on a Finnish e-wallet.
Unfortunately for Finland the country is being pushed towards gambling only on public betting and bingo site Veikkaus, from 2023 the Finnish government will introduce a law prohibiting players from transferring funds to a non-Finnish gambling site. As Veikkaus gambling sites did not reach the limits of offering solid gambling content, Finnish players sought out foreign casinos to play and bet. This new law and regulation will not be welcomed with open arms and will most likely see many Finnish gamers using VPNs to continue enjoying gambling in a fashionable way.
Just like Finland, Sweden also had a monopoly state with the government-owned gambling site Svenska Spel. Of course, the content wasn’t as extensive as other sites offered, so player retention wasn’t quite as stellar. With this in mind, the Swedish government had to act quickly and come up with a viable solution for everyone. Instead of adopting the approach taken by Finland, Sweden decided to open up the market further and start offering Swedish gambling licenses, which would allow many online casinos and bookmakers to set up shop in Sweden. Was it a better decision than their Finnish neighbours? Most certainly, as many new brands are starting to move into Sweden, benefiting from a Swedish gambling license which makes it easier for all Swedish players joining gambling sites to play.
In terms of bonuses, Swedish players are allowed to walk away with bonuses when playing at a Swedish licensed online casino, however, certain terms and conditions apply.
If you want to open an online casino, the gambling license from the UK Gambling Commission is the only license you need. This license is one of the strictest and any online bookmaker who fails to comply with the rules and regulations imposed by the UKGC will be fined heavily. It is also known that the UKGC can revoke a gaming license at any time if the governing body feels that the casino is not treating customers fairly or following the rules imposed.
The UKGC is also a strong body close to the UK government. After extensive research and consultation with GamStop and GamBan, the UKGC has decided to join the crusade to tackle problem gambling. It wasn’t until 2020 that the UKGC told all of its online casinos and bookmakers that in future they would no longer be allowed to accept credit card payment methods to fund gambling. a player. Difficult? Maybe, but the UK is one of the countries with the highest number of gambling addictions, and regulations need to be implemented and fast.
The term monopoly is something that comes up quite often when we talk and talk about online gaming. In 2017, Norwegians could use any new bookmaker of their choice to ease the gambling itch. Unfortunately, after that, the Norwegian government introduced a law which paved the way for Norsk Tipping to be the only gambling site able to operate from Norway.
To make matters worse, the Norwegian government has ordered that banks not accept any transactions to offshore casinos and sports betting sites. The good news is that if Norwegians use an e-wallet, their credit card details will be converted, so the game can still continue. For many reasons, online casinos do not have any gambling information related to the casino, which will make it difficult for the Bank to reconcile payment with gambling. The other good news is that there is now a law which prohibits Norwegian players from joining offshore gambling sites, leaving the door open for Norwegians to bet and gamble wherever they want, and have fun.
The future of gambling in Europe
There are many other countries in Europe that are still looking for ways to operate safe online casinos. With the player in focus, the future of gambling in Europe looks more regulated, with more gambling sites seeking to settle in the gambling paradise of Malta, where the Malta Gambling Commission is not known to be as strict as her counterparts. In addition, the UKGC has asked all football teams in the UK to stop accepting endorsements from major gaming giants, and a ban is also in place. We expect more regulations and policies that online casinos would have to comply with if they wish to retain this gaming license from the United Kingdom Gambling Commission.
In the meantime, we always suggest you check out the reviews of the next online gambling site you come across. Ensuring that the site is licensed and regulated is a must, as is getting good feedback from other players visiting the gambling site before you.