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European Gambling And Betting Association Forces EU To Introduce Common iGaming Rulebook
March 19, 2019 Aleksandra Zolotic
Having in mind that online gambling s for 21% of all gambling activity in Europe, the European Gambling And Betting Association (EGBA) points out the utmost importance of establishing a rulebook. This document should feature as many iGaming regulations as possible with the aim to…
…protect consumers all over the continent.
The major issue here is that there are not enough laws to ensure players’ protection. In addition to this, around 1% of the total number of consumers have some form of gambling-related problem.
Rulebook to Bring More Consistency
The EGBA group represents the attitudes of several big names from the industry such as Bet365, GVC Holdings, and Kindred, and they all agreed on one thing:
The majority of current European regulations exist at the national level only!
The main problem with this is that very little attention is paid to cross-border activity. This makes it considerably more difficult to control the activity and protect the players as well.
As EGBA secretary general, Maarten Haijer, comments:
“The challenges are obvious: the internet has no national borders, which means Europeans can easily play on gambling websites based in countries other than where they live. This means Europeans are subject to very different sets of consumer protection standards when they play online, leaving some players much better protected than others.”
Safety Comes First
One of the countries that recognized the importance of proper regulations is Sweden. It has devised a brand-new license for all interested brands to operate on their online market starting the beginning of the year. As far as the current situation shows…
…Denmark /denmarks-online-gambling-market-revenue-increases/ is the only EU member fully compatible with the guidelines for consumer protection.
The major problems seem to be vulnerable groups, such as problem gamblers and minors which is why a strong and consistent set of rules should be established as soon as possible. “The Consumer Protection in EU Online Gambling regulation” is a review which claims that EU member states provide inadequate levels of protection, which…
…puts consumers’ safety at a risk!
Benefits For All Sides
Pointing out that this unified set of rules should bring multiple benefits to both consumers and the companies, Haijer says that it would inevitably decrease the costs and risks of meeting numerous conflicting rules.
“It is 2019: If the EU is really serious about making the digital single market work for its consumers, there is no reason why online gamblers living in one member country should be less protected than those living in another. It’s time to act.”
As soon as this coherent policy takes place, the protection and safety of more than 12 million online consumers will no longer be such a burning issue.
Source:
“EGBA calls for common iGaming rulebook in EU”, igamingbusiness.com, March 18, 2019.
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Safety comes first, and it’s something that plays a vital role in the gambling industry. Thumbs up for the rulebook, I hope they will introduce it soon.