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Jan 05, 22

The Gambling Regulator: Role and Functional Characteristics

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With hundreds of betting platforms and best slot sites for winning all over the world, it’s a must for every iGamer to learn about who the gambling regulator actually is. Obviously, there are tons of different authorities, which is why we’re just going to talk about the most important ones.

Find out here what the role and functional characteristics are, as well as the level of prestige of the different sports betting and casino games regulators.

What are Gambling Regulators?

Gaming regulatory organizations are important to provide security, order, and support to the different platforms that offer their services to users all over the world. Regardless of the operator’s location, having an operating license is essential to comply with the industry’s security standards.

Gambling and casino gaming regulators issue licenses to operators that meet a series of requirements regarding the operation of specialized software (percentage of winnings, random number generator, etc.), payment services for deposits and withdrawals, site security, the use of clients’ personal and financial information, the handling of funds and other key aspects.

These organizations have a dual mission: to protect users and to enforce the legislation in force in their respective jurisdictions.

The Gambling Regulator in Europe

With a long tradition of gambling, sports betting, and various forms of land-based and online casinos, many European countries have regulatory organizations for this activity.

Large international operators usually seek a casino and online gambling license with these institutions due to the prestige it represents, the backing of complying with all related laws, and the guarantee of operation and handling of winnings in their own countries.

UK Gambling Commission

It is one of the most prestigious regulatory organizations worldwide and has the particularity of focusing only on casino games and the British lottery, not on online sports betting. In the last years, it has imposed fines and sanctions on several operators for lack of control and irregularities regarding users. William Hill, Coral, and Paddy Power are some of the operators licensed by the UK Gambling Commission.

Malta Gaming Authority

Well-known sports betting and casino gaming platforms are licensed by MGA to offer their services to customers from different parts of the world. It is another major regulatory body in the industry and has many online resources for players, including a list of restricted or unauthorized operators.

Other Gambling Regulators

Singapore, Macau, Australia, and the United States are other countries with regional and national authorities to control and regulate sports betting and gambling.

Internationally, there are also private organizations such as eCOGRA, iTech Labs, IBIA, and EGBA, which ensure the safety and proper functioning of the associated platforms. This support is usually certified through periodic reviews, controls, audits, and tests.

Curaçao eGaming

Last but not least, we have the first-ever gambling authority called Curaçao eGaming. This is one of the most well-known betting regulatory bodies with 500+ active gambling sites. Since it was one of the first to issue licenses for international operators seeking to expand into other countries.

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