Problem gambling is one of the major problems associated with online gambling. Problem gamblers have high levels of impulsivity, and may develop a range of risk-taking behaviors. The regulation of Internet gambling should address the impact of problem gambling on the social and economic wellbeing. Regulatory frameworks should be user-friendly, with clear rules for players to follow.
Regulation of online gambling
The European Commission (EC) has issued a Green Paper on Online Gambling and a Consultation on the Internal Market for Online Gambling in order to collect feedback on the EU online gambling market, as well as on key policy issues that have arisen as a result of the growth of online gambling in the EU. In addition, the EC Consultation seeks to address the divergent regulatory approaches taken by EU Member States with regard to online gambling.
Impact of problem gambling on social and economic well-being
The economic impact of problem gambling is often overlooked in gambling studies. Most studies focus on the individual and social costs of gambling, without defining how the behavior impacts the community. The economic costs of problem gambling are the costs incurred by the gambling addict and his or her family, as well as costs associated with gambling infrastructure and tourism. The social costs, on the other hand, are the costs incurred by society and the general public.
Regulatory framework
A new government panel is proposing a new regulatory framework for online gaming. According to the panel, the new framework should categorize games based on their function and how consumers can play them. For example, games that are purely casual and don’t require betting should be categorised differently from games where players have to use their betting skills. Moreover, the new regulatory framework should establish a central ministry of IT to govern online gaming. However, the outcome of the bill is far from certain and a lot of uncertainty remains.
User-friendly sites
User-friendly sites for online gaming are essential to creating a positive gaming experience for the players. Websites should be easy to read and understand, with plenty of space for imagery and tips. Dedicated gaming sites use colors from the game as a theme, and have a simple navigation.
Sign-up bonuses
When you sign up for an online gaming account, you may receive a sign-up bonus. This is a cash reward for joining the website, usually a match of your first deposit. For example, you may receive a 100% deposit match at BetMGM, up to $1,000. Sign-up bonuses are only applicable for your first deposit, so make sure you read the terms and conditions before signing up.
Deposit and withdrawal options
Online casinos offer a variety of deposit and withdrawal options for players. Depending on the casino and the country you live in, you can choose the option that best suits your needs. The main goal is to deposit and withdraw funds quickly and securely. Luckily, many casinos provide a wide variety of payment methods, including credit and debit cards.