Why are online casinos so regulated in some countries around the world?

  (photo credit: INGIMAGE)
(photo credit: INGIMAGE)

The recent growth of the iGaming industry led to the creation of many gambling websites. Although some of them only have sportsbooks, others include casino games. In fact, there are even betting operators that only focus on casino games because this is what most people are looking for. 

Despite the popularity of some online casinos, most of them continue to be heavily regulated, especially in some countries. There are many reasons why this is the case, so let’s take a look at why you may not always have the chance to use your preferred gambling platform.

Some governments do not want to allow any form of gambling

As you probably know, there are many countries where people can’t participate in any form of gambling. Despite the fact that some jurisdictions are becoming more liberal when it comes to betting, other places ban any kind of casinos, betting shops, poker rooms, etc. That’s why some people want to learn whether gambling is legal in their country after reading the article where the Bwin casino was recently reviewed by Betenemy with a good rating. 

Some countries might fine you for using those websites, but there are places where gambling is a crime. Hence, you might face serious charges that could lead to severe problems. 

There are different things that people do to learn more about their local gambling laws. Some punters consult a lawyer, whereas others simply ask the police or a given regulating authority that deals with gambling websites. 

Regulating authorities are afraid of money laundering

The second reason many countries are still reluctant to allow any form of online gambling activities within their territories is money laundering. The Bwin casino review by Betenemy shows that even some of the most recognizable names in the industry are not available in every country, mainly because of potential money laundering issues.

Despite the efforts taken by many reputable gambling websites, this continues to be a huge problem in some countries. Money laundering is a term used to describe a process where an individual or a group of people try to legitimize a large amount of money that was obtained from illegal actions. 

Since gambling is legal in most countries around the globe, those people use it to place large bets in an attempt to legalize the origin of their income. As a result, some betting operators decided to take serious actions, such as investigating where the money comes from. In other words, don’t be surprised if the online casino you want requires you to provide more information about yourself.

Some countries want to prevent people from having to deal with a gambling addiction

Since playing casino games and betting on sports has never been easier, it is not hard to see why many people suffer from gambling addictions. This is a serious problem that has negative consequences on you, as well as everyone around you. That’s one of the reasons why some betting platforms offer different kinds of tools that help their clients battle their problems. For example, you can find various deposit/bet limitations, an automated log-out system, and much more. In some cases, bettors can even temporarily suspend their accounts if they feel like they might spend more than they can afford. 

Even though those things positively affect some punters, there are governments that don’t want to take any chances. That’s why they prefer to impose strict gambling laws or ban online betting in general. Whether these methods are effective is debatable, but if you live in a country where they are present, you must adhere to them.