Sit Pro Betting
Betting in the UK
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Gambling is and always has been a heavily regulated industry. Indeed, especially in the U.K., where gambling wasn’t even made legal at all until the latter half of the 20th Century. Today, unsurprisingly, many of the inhibitions that made gambling taboo back then, as well as many common-sense laws, still play a role in the way betting and gambling are regulated.
Let’s look at some of the most important ways U.K. betting is regulated.
The most basic requirement of any betting or gambling establishment is that they hold a license from the Gambling Commission to provide their services. The number of licensed, land-based casinos is around 130 today.
But the requirements are the same for online casinos and betting sites, too. If you want to offer gambling services, you need to be licensed by the official commission. Whether you’re on the mainland or the Channel Islands, for example, you may ultimately answer to a different regulatory body.
In any case, this is the first point of contact in terms of regulation. It does not matter what other regulations an operator violates if they are not licensed.
In terms of reducing the overall impact that gambling has on society, the main area of focus has been on advertising. This is perhaps where the industry is most limited, and there are strict limitations on what they can do.
The main drive of the regulations on the advertising that casinos and betting sites can produce is about reducing its impact and appeal to young people. As seen when viewing best betting sites at Findbettingsites, they all include 18+ markings and take steps such as verifying ID to ensure customers are over 18. Ads must make no deliberate attempt to appeal to young people, and must do everything to make sure their ads would not appeal to a young audience.
Social responsibility is the key concept. Operators can advertise, and do on a fairly grand scale, spending millions of pounds per year on ads. Boards and committees like The Broadcast Committee of Advertising Practice then judge the social responsibility of the ads.
In terms of actual crime, one of the big issues facing the gambling industry, any place any time, is the issue of gambling being used for criminal activities. Money laundering, for example, is a big problem. Every year, in total, around £88 billion is laundered by criminals in the U.K. each year in some way or another.
Gambling has always been an attractive method for doing this, and so how the industry is able to self-regulate this issue is important. A lot of what goes on comes down to a duty of responsibility on the part of operators to take due diligence and look out for suspicious activity.
Gambling is, today, one of the nation’s favourite past times. Millions of people bet regularly, and spend collectively large sums of money doing it. While it is fun and something that many people love, it’s easy to see why it ought to be regulated as it has been. There are many potential problems, and it’s better to nip them in the bud.