A new law that establishes the Gambling Commission as the industry’s
regulator across the globe not only threatens the safety of consumers
online but is unlawful, claims the Gibraltar Betting and Gaming
Association (GBGA).
Currently, British consumers gamble online with a limited number
of licensed operators based in a handful of recognised jurisdictions.
Under the proposed new regime the UK is opening the UK market
and consumers to operators based anywhere in the world and some of whom
will not obtain a licence. The regime will effectively require the
Gambling Commission to police the online sector on a worldwide basis.
Peter Howitt, Chief Executive of the GBGA argues that this new law,
combined with planned tax changes, will drive consumers to the
unregulated or poorly regulated market, and so ensure that a significant
proportion of UK consumers will be unprotected when they play and bet
with foreign operators:
“This is bad for UK consumers, bad for the regulated industry,
bad for Gibraltar and is in breach of European law, but fantastic news
for operators who choose to avoid proper regulation..."
read full article at GBGA
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