The role of gambling commissions in a state or country is to regulate and watch over gambling laws that are in place to be enforced for legal functioning of gambling activities and casinos. These days most of the countries have a clear stand on whether they want online gambling to operate in their space or not.
Depending on whether a country legally permits gambling or not, it has regulatory bodies and licencing bodies to facilitate the legalities.
There are countries which are open to this form of gaming and have lenient regulations, while some are very stringent with their laws. There are some states which have completely banned gambling activities, either it is on land or online.
The Gambling Commission in the UK was one of the first progressive regulatory bodies that came up in a developed nation. While earlier, before the mid-1990s only a few select countries were open to legalising online gambling in their states, it began to change post-2005.
When the Gambling Commission was established and assumed full powers in 2007, under the ‘Gambling Act 2005 ‘ of the UK government, it regulated arcades, betting, casinos, lotteries and slot machines, online betting and casino games through mobile and other devices, in the territory of Great Britain.
What started in 1994 with Antigua and Barbuda legalising online casinos and betting, eventually caught up with many parts of the world. Initially, many Internet gambling companies were setting up offices in Antigua due to their welcoming regulations. Even old and prestigious bookmakers moved out of their native land to avoid legal hassles.
But setting up a body does not mean that the job is done. A licensing or a regulatory body has to deal with responsibilities that are of quite sensitive nature. For instance, when the Gambling Commission in the UK was established, it stated that its main responsibilities would be to keep crime out of this practice and maintain fair conduct. And just like any similar government organisation, Gambling Commission strives to protect young and vulnerable people from the potential vices of gambling.
Apart from providing licenses to gambling operators, they also deal with operations and authorisation for remote gambling and related activities.
They have to monitor the actions of licences and their practice, to ensure that they are in accordance with the corresponding set of rules of their territory. In the UK it is the ‘Gambling Act 2005’ which sets the standards for gambling operations. The regulating body can even visit the grounds or premises of such companies to ensure that their financial practices are in sync with law. And if there is a case of violation, the revoking of license could take place. Such regulations also keep the players secured to the extent of fairness that publicly promotes the activity.
Having regulatory bodies and licenses in the gambling sector helps in putting the industry in an organised form, just like any other business, and business is always good for economic health. Legalising gambling and casinos helps a state generate massive revenue in tax and legal fees with simultaneously keeping legal and ethical issues intact.
Having a body like the UK Gambling Commission helps in taking any such undemocratic and biased actions by even the government. This also puts up a superb example of how the government should act and tackle sensitive issues.
SummaryName : The Role Of Gambling Commissions And Licensing Authorities
Author : Alexis Gibson
Published Date : 15/07/2019