Online gambling has become a flourishing industry today and is growing at a very fast pace. Many people gamble for various reasons, such as eagerness to earn more money. In order to keep the gambling industry and its rules and regulations intact, gambling authorities were formed in some jurisdictions. In this article, we will be discussing the top three gambling authorities that regulate several casinos and betting platforms.
Curacao eGaming Authority
The Curacao eGaming Authority is a popular regulatory body that is responsible for overseeing the gaming and lottery companies and providing licenses to them. The authority supervises and takes care of anti-money laundering and counting financial terrorism. They focus on maintaining the interest of players and ensuring building a positive and trustworthy image of online casinos. The Curacao eGaming Authority was established on 19 April 1999 with the motive of operating and handling the entire gaming industry operating in and from Curacao.
An example of an online casino licensed under the laws of Curacao is Woo Casino. Right now, the government of Curacao is focused on helping the gambling authority to enhance the standard of their games and match the international market. It provides all the government-sanctioned gaming policies to the operators who are working under the Curacao eGaming Authority.
Malta Gambling Authority
When we talk about online gambling, Malta is probably one of the most famous jurisdictions out there. The Malta Gambling Authority was created to regulate gambling in a proper manner in the country. It is the main regulatory body of the gambling industry in Malta but is also considered by many as the global regulator.
The MGA was established with the objective of setting standards for the different gambling companies in the market. This increases the quality and helps players to play on safe and secure platforms. When it comes to providing licensing to gambling companies, MGA is considered one of the most reputed and trustworthy regulators. The authority only provides licenses to the operators that meet their guidelines.
UK Gambling Commission
The Gambling Act 2005 resulted in the formation of the UK Gambling Commission to regulate the gambling services in the country. The UKGC provides licensing and regulates the operation of lottery or gambling services in Britain. Similar to other regulators, UKGC also ensures the safety of players and makes sure gambling is fair for everybody. This authority focuses on working to make the standard of the companies providing gambling services high. They hire individuals who have experience in the gambling industry as it helps in building a high-standard industry.
The UKGC takes strict and quick actions against the operators not working according to their rules. Some of the major responsibilities that the UK Gambling Commission has are safe marketing and advertising of gambling products, protecting young people from getting scammed, and reducing fraud by banning gambling on credit cards. This commission also launches national strategies which can help in reducing the gambling harms. Addressing disputes and solving them so that they can meet their standards is also one of the major responsibilities of the UKGC.