One of the ways of creating trust among gamblers is regulation of online casinos. Even though not straightforward, it is the best way to create player confidence in the games they play. Licensing are regulation ensures that the money invested by players is safe from crafty operators of some of these online gambling sites.
Most of the online gambling regulators across the world are government bodies whose work is to ensure that operators only offer random, safe, and fair games for players. The following are the major online gambling regulators across the world, region-by-region:
Central America and North America
Central and North America have some of the oldest gaming industries, which is the reason it has several regulatory bodies. Together with the ones we shall discuss here, there is Panama Gaming Control Board. Check these out.
- Kahnawake Gaming Commission. It was established in 1999 with its headquarters in Quebec. It regulates online casinos that intend to avoid operating under their local markets while enjoying the benefits of paying lower fees. Players trust it for the seriousness with which it addresses their issues.
- Nevada Gaming Control Board (NGCB). In 1955, the Nevada State Legislature established this regulatory body to oversee the casino industry in the state. The online gambling sites regulated by NGCB are only allowed to operate within Nevada.
- New Jersey Division of Gaming Enforcement (DGE). This was created in the 1970s to regulate the state-wide casinos and is today tasked with the licensing of online casinos in Atlantic City. These are only allowed to accept players from within the state.
Due to its vastness, Europe has perhaps the most number of online gambling regulators across the world. They include the following:
- UK Gambling Commission (UKGC). This regulator was established in 2005 to take charge of most forms of gambling except sports betting. For an online casino to operate in the UK, it must be licensed by UKGC.
- Autorité De Régulation Des Jeux En Ligne (ARJEL). When it was established in 2010, the sole mandate of this body was to regulate online gambling. The firms licensed by ARJEL may operate in France and the rest of Europe.
- Amministrazione Automata dei Monopoli di Stato (AAMS). The purpose of AAMS is to license and regulate online casinos in Italy. It only licenses casinos with a proven track record and which are based in the EU.
- Malta Gaming Authority. Online casinos which seek to have their operations in Malta aim to benefit from its reputation as a tax haven. Thus, the Malta Gaming Authority licenses online casinos whose players can come from anywhere in the world.
The major online gambling regulator in the Caribbean is the Curacao Gambling Association (CIGA), which was established in 1993. While the online casinos it licenses are based on the island, they can get players from all over the world.
In most cases, the online casinos operating from this region are licensed and regulated by the Vanuatu Customs and Inland Revenue. Most companies come to this island nation in search of extremely low taxes. As such, many online casinos that operate online could be having a license from this regulatory body.
As you can see, the vibrancy of the online gambling industry has led to the establishment of several regulatory bodies all over the world. While some of the online gambling regulators across the world have the highest level of trust in the licenses they provide, others are preferred because they are situated in tax havens.