Know About Gambling License across Countries

Posted by admin On July - 20 - 2018

Gambling is a global phenomenon with worldwide players but yet cannot be regulated at a global level. Individual countries and states have legislations to control and regulate gambling activities according to local law, which is often revised. Being updated on the current regulations on local environment is a must for people running gambling sites and firms. Online gambling can offer services to different localities and hence has to register parts of its services according to the legislations and legal practices on the specific location. It is also true that certain gambling jurisdictions are comparatively strict in their practices and hence users can have a secure gambling in sites registered with such strict jurisdictions.

Laws For Gambling In US, Canada And South America

It is interesting to see how much gambling laws can vary within a close geographical location. Especially in United States, there is a huge disparity about gambling regulations. There are two laws that created massive confusions about the legal issues of gambling, Wire Act of 1971 and Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006. Wire act was established well before use of internet for gambling and was primarily targeted against telephone betting. UIGEA on other hand indirectly made the financial transactions between gambling websites and US residents illegal.

This resulted in major gambling sites avoiding US customers. On summary, any American citizen using gambling websites cannot be termed engaging in illegal activity. Recently, individual states have made new legislations. In Canada, no company without proper license can offer gambling service to Canadian citizens, but there are not laws to control Canadian citizens from using overseas online gambling sites. Also, provinces in Canada have individual regulations for gambling activities. Most of the South American countries have legal rights for gambling establishments and online gambling sites.

Gambling Rules And Regulations In Malta

Getting gambling license is a tricky part and needs proper analysis of the target users and local legal actions. Malta, a European Union member state and British Commonwealth state, was one of the first to bring proper regulations for gambling. Till date it remains a favourite jurisdiction to apply for gambling license. Malta Gambling License is of great value because Malta jurisdiction come under the “white-list” issued by United Kingdom Gambling Commission and has added advantage of competitive licensing fees and tax rates. In Malta, gambling operators can apply for license under four categories, first one covering casino games, online lotteries and skill games; second type including pool and spread betting; third category including betting exchanges and peer to peer games and the last category for vendors of gambling software. Malta Remote Gaming Council (MRGC) launched in 2005 by the Lotteries & Gaming Authority (LGA) takes care of all stakeholders, legal requirements and other processes associated with it.

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