BGC RELEASES INTERNATIONAL GUIDE FOR ONLINE GAMBLING REGULATION
Online gambling has become a booming industry in recent years, with millions of people around the world participating in various forms of online betting and gaming. However, with this growth has come the need for proper regulation and oversight to ensure that players are protected and that operators are held accountable. To address this issue, the Betting and Gaming Council (BGC) has released an international guide for online gambling regulation.
The BGC is the trade association for the UK betting and gaming industry, representing over 90% of the country’s licensed gambling operators. The organization is committed to promoting safe and responsible gambling practices, and works closely with policymakers and regulators to develop industry standards and best practices.
The new guide, entitled “International Best Practice for Online Gambling Regulation,” is aimed at policymakers and regulators around the world who are looking to establish or update their own online gambling frameworks. It provides a comprehensive overview of the key issues and challenges facing the industry, and offers practical advice on how to address them.
One of the key recommendations in the guide is the need for a robust licensing and regulatory framework that prioritizes player protection and responsible gambling. This includes measures such as age verification, self-exclusion programs, and strict advertising standards. The guide also emphasizes the importance of collaboration between regulators, operators, and other stakeholders to ensure a cohesive and effective approach to regulation.
In a statement, BGC chief executive Michael Dugher highlighted the importance of strong and effective regulation in the online gambling industry. “The online gambling sector is a vital part of the global economy, but it must be regulated effectively to protect players and maintain public trust,” he said. “This guide provides a roadmap for policymakers and regulators to create a safe and sustainable online gambling environment for all.”
The release of the guide comes at a time when online gambling is facing increased scrutiny from regulators and lawmakers around the world. In the UK, for example, the government recently announced plans to review the country’s gambling laws, with a particular focus on online betting and gaming. The BGC hopes that its new guide will help inform these discussions and contribute to the development of a more effective regulatory framework.
Overall, the BGC’s international guide for online gambling regulation is a significant step forward in promoting responsible and sustainable practices in the industry. By providing clear guidelines and best practices, the guide aims to help regulators and operators work together to create a safer and more transparent online gambling environment for everyone involved.