There has never been a more fruitful time for the world of online casino gaming – visit Kong Casino. With success only comes more regulations that follow, especially now in 2022 with the drastic increase of player numbers and whatnot. In the UK alone there haven’t been any significant changes to legislation, that was until last year (2019) with the introduction of FOBT (fixed odds betting terminal) limits.
Everything nowadays is so simplified, it’s crazy. All you need nowadays is an internet connection and you can play — which means legislation and regulatory bodies need to work twice as hard to ensure everything is up to snuff. Yes, it’s great for gambling enthusiasts, but people tend to forget everything that goes on behind the scenes to make things safe and secure.
UKGC Raising Concern
Recently the UK Gambling Commission — the leading regulatory body in England — has gone on record stating that the UK’s betting industry is getting out of control. In recent years, rushed changes to regulations have affected user experiences, which has led to certain offers flying under the radar. The industry moves too fast for these guys to control in most cases, which does mean punters are more susceptible to shady activity.
Statistics show that up to 450,000 children between the ages of 11 and 16 are betting on the regular. The UKGC is well aware of this and has instructed online casinos to manually go through the age verification process. The commission wants a compliance team to physically go through some sort of identification of the user to ensure that no underage gambling occurs.
2022 could see an overall decrease in the amount of kids gambling. The solution of the UKGC would be perfect as platforms are restricted by accepting payments from cards that aren’t owned by the owner of the account. The time it takes to confirm the identity of players has also decreased significantly in recent years, meaning these issues can be resolved quite quickly should they arise.
Credit Card Restrictions
This year saw credit cards made illegal across all casino sites in the UK — much to the dismay of the sites themselves who saw a massive hit as a result. A survey found that nearly 22% of all English gamblers who used their credit cards to play had unresolved issues. Other research found that a lot of players were racking up a lot of debt by using their credit cards.
I think we can all agree that this was a smart choice, although when news first broke this was heavily criticized across the board by both players and operators. PayPal and other e-wallet companies contacted their customers with this new legislation which definitely helped get the word out.
Debit cards are now considered the main deposit method in many circles, although the rise in pay by phone casinos could see yet another swing in customer activity. Expect to see more legislation past 2022 if the industry continues to grow at the rate it’s traveling.