Countries Are Creating New Restrictions To Online Gambling
As the coronavirus epidemic plays out, many governments are thinking of how can they adjust the economic landscape. They want to change it in a way that ensures that as many people as possible will keep their heads above the water during these days. They do so by acting in many different plateaus. Some times they do right, sometime they do wrong. That's for you to judge. Here are some of the changes countries make in the iGaming landscape.
UKGC Enforces a Credit Card Ban on Online Gambling
Since 14 April the UK Gambling Commission has added what they call a layer of protection to online gambling consumers. A ban to all deposits made using credit cards to online gambling websites. This ban extends to e-wallets such as PayPal or Skrill. They previously said that many of the people gambling online in the UK are problem gamblers, as much as 22%, and they are using credit cards. By removing credit cards from the equation, people will not play with money they don't have. Neil McArthur, a chief executive at the UKGC, said that this ban has come at a vital time where many people are showing an increased interest in online slots and virtual sports betting since the lock-down began. The question remains, how can you make deposits to online casinos if you still want to? You can always use a wire transfer or Bitcoin to make deposits. They don't want you to be able to use the credit that comes with a credit card for gambling.
Belgian Gaming Commission Sets Weekly Limits to Players Deposits
A new €500 weekly limit is due since last week in all online gambling websites licensed in Belgium. What it means is that players can't make deposits larger than €500 and can only do so weekly. This restriction will remain until the lock-downs are over. They have issued these restrictions to ensure that many of the country's residents, who are currently at home without a sustained income, will not waste more money than they have.
Swedish government considers online casino shut-down
The Swedish government are also considering to completely shut down all online gambling activities during the COVID-19 epidemic. They will enforce a complete ban that will prevent players from playing all Swedish licensed online casinos. The UK, Belgium and Sweden are now pioneers in extending measures already taken by other countries such as Spain - reducing advertising of gambling activities to a minimum. Experts throughout the continent are witnessing a rise in demand for online gambling activities. They see more sign ups, more deposits, and overall more people are playing in online casinos. What the experts fail to understand, in our opinion, is that people who were used to playing in land-based casinos can no longer do so. Such a large closure of all betting houses throughout Europe is something that hasn't happened in ages. It is clear why the activity of those people will move to a more COVID-19 convenient platform, the web. What experts fail to understand is that while they do their best to keep players safe during this period. They enforce a significant blow to peoples' right to choose. And also, they indirectly place citizens in harm's way as many will still be looking for ways to gamble online. Once governments shut down all the licensed gambling websites, people will start finding unregulated sites that the governments can't do much about. Such websites go live and die so quickly, and no government can enforce a ban on these websites. Plus these days, with Bitcoin and other cryptocurrencies. People can easily find Ethereum online casinos or Litecoin online casinos. It really isn't that difficult. While this is our opinion only, governments tend to think otherwise. Either way, stay safe while playing online!